scholarly journals Mainstreaming the Third Sector Economics by Adopting the Principles of Islamic Entrepreneurship: For Development with Equity and Social Justice

IIUC Studies ◽  
2015 ◽  
Vol 9 ◽  
pp. 39-58 ◽  
Author(s):  
Rafiqul Islam Molla
Keyword(s):  
Social Justice ◽  
Research And Development ◽  
Third Sector ◽  
Social Benefit ◽  
Social Enterprises ◽  
Defensive Strategy ◽  
For Profit ◽  
The Third ◽  
The Third Sector ◽  
European Colonialism

The ‘private’ and ‘public’ sector economics found their own strong places to play roles in the mainstream economy. At the end, however, these two systems – the private, popularly called the first sector economy, and the public, called the second sector economy - both individually and jointly have been found seriously inadequate and incapable to ensuring wellbeing of human societies nationally and globally. Responding to such a situation a number of non-conventional approaches like cooperatives and social enterprises, waqaf, foundations, and other non-profit institutions, etc., together called third sector economy, were moved and promoted to ensure social justice and wellbeing of mankind. Initially it emerged as a make-up and defensive strategy of the market-state model to meet the minimum of unmet requirements in the sectors where the market and state have grossly failed. It, thus, played only a subordinate role. As a result, it could not help much to solve the problem of economic inequity, concentration of wealth, and social divides. However it is strongly felt that a broadly based third sector economic model with both not for-profit business like enterprises and for-profit businesses blended with social justice is necessary to play its role as a mainstream model not only for poverty alleviation but also for economic growth to bridge the economic and social divides. Mainstreaming the third sector is the urgent call of the day. Islamic entrepreneurship, which is basically a communitycentric mode of business initiative, is an antidote to the problem of intolerable economic and social dualism in the economies. It is a natural strategy against all forms of capitalist exploitations, like in the past through European colonialism and now through American led terrorism, to control resources. Accordingly it is the natural model for solving the problems of economic inequity, concentration of wealth, and social divides. Therefore, this study finds the Islamic mode of entrepreneurship as most suitable and effective for widening and mainstreaming the third sector economics, more particularly in the developing countries. Johor Corporation (JCorp) in Malaysia and Sheba Polly in Bangladesh are examples of two types of Islamic style third sector enterprises – one is staunchly business like initiative and the other is cost based charity initiative for social benefit. For the development and promotion of the community-centric third sector economics model, the paper recommends for urgently establishing a research and development centre on third sector economics preferably under an Islamic Research and Development Institute in any reputed university.IIUC Studies Vol.9 December 2012: 39-58

scholarly journals Mainstreaming Third-Sector Economics by Adopting Islamic Principles of Entrepreneurship

2019 ◽  
Author(s):  
Md. Mahmudul Alam ◽  
Rafiqul Islam Molla
Keyword(s):  
Social Justice ◽  
Research And Development ◽  
Third Sector ◽  
Social Benefit ◽  
Social Enterprises ◽  
Defensive Strategy ◽  
For Profit ◽  
The Third ◽  
The Third Sector ◽  
European Colonialism

The ‘private’ and ‘public’ sector economics found their own strong places to play roles in the mainstream economy. At the end, however, these two systems – the private, popularly called the first sector economy, and the public, called the second sector economy - both individually and jointly have been found seriously inadequate and incapable to ensuring wellbeing of human societies nationally and globally. Responding to such a situation a number of nonconventional approaches like cooperatives and social enterprises, waqaf, foundations, and other non-profit institutions, etc., together called third sector economy, were moved and promoted to ensure social justice and wellbeing of mankind. Initially it emerged as a make-up and defensive strategy of the market-state model to meet the minimum of unmet requirements in the sectors where the market and state have grossly failed. It, thus, played only a subordinate role. As a result, it could not help much to solve the problem of economic inequity, concentration of wealth, and social divides. However it is strongly felt that a broadly based third sector economic model with both not for-profit business like enterprises and for-profit businesses blended with social justice is necessary to play its role as a mainstream model not only for poverty alleviation but also for economic growth to bridge the economic and social divides. Mainstreaming the third sector is the urgent call of the day. Islamic entrepreneurship, which is basically a community-centric mode of business initiative, is an antidote to the problem of intolerable economic and social dualism in the economies. It is a natural strategy against all forms of capitalist exploitations, like in the past through European colonialism and now through American led terrorism, to control resources. Accordingly it is the natural model for solving the problems of economic inequity, concentration of wealth, and social divides. Therefore, this study finds the Islamic mode of entrepreneurship as most suitable and effective for widening and mainstreaming the third sector economics, more particularly in the developing countries. Johor Corporation (JCorp) in Malaysia and Sheba Polly in Bangladesh are examples of two types of Islamic style third sector enterprises – one is staunchly business like initiative and the other is cost based charity initiative for social benefit. For the development and promotion of the community-centric third sector economics model, the paper recommends for urgently establishing a research and development centre on third sector economics preferably under an Islamic Research and Development Institute in any reputed university

Enterprising activism

2017 ◽  
Author(s):  
Leah Bassel ◽  
Akwugo Emejulu
Keyword(s):  
Social Justice ◽  
Third Sector ◽  
Minority Women ◽  
Enterprise Culture ◽  
Women's Activism ◽  
The Third ◽  
Welfare Mix ◽  
Third Sector Organisations ◽  
The Third Sector ◽  
The Impact

In this chapter, we explore how the changing politics of the third sector under austerity problematises minority women’s intersectional social justice claims in Scotland, England and France. We begin by exploring the ‘governable terrain’ of the third sector in each country since the 1990s. As the principle of a ‘welfare mix’ becomes normalised in each country, the reality of having different welfare providers vying for state contracts seems to prompt isomorphic changes whereby third sector organisations refashion themselves in the image of the private sector as a necessity for survival. We then move on to discuss the impact these changes in the third sector are having on minority women’s activism. We analyse how the idea of enterprise has become entrenched within these organisations and how an enterprise culture is problematically reshaping the ways in which organisations think about their mission, practices and programmes of work—especially in relation to minority women. We conclude with a discussion about what the marketisation of the third sector means for minority women. We argue that political racelessness is enacted through enterprise as minority women’s interests are de-politicised and de-prioritised through the transformation of the third sector.

scholarly journals A Third Sector-Led Economic Model: Scopes of Islamic Entrepreneurship

2019 ◽  
Author(s):  
Md. Mahmudul Alam ◽  
Rafiqul Islam Molla
Keyword(s):  
Social Justice ◽  
Economic Model ◽  
Third Sector ◽  
Social Enterprises ◽  
Welfare Programs ◽  
For Profit ◽  
Wealth Concentration ◽  
Social Welfare Programs ◽  
Not For Profit ◽  
Market State

Private (first sector) and public (second sector) sector economics, both individually and jointly, have failed to ensure the wellbeing of human societies on the national and global levels. In response, social enterprise (third sector) economics, which features cooperatives and not-for-profit social enterprises, foundations (awqāf), and similar undertakings, has emerged as a make-up strategy in an attempt to counter the deficiencies of the market-state economic model. However, there is a strongly felt belief that the third sector needs to be broadened and mainstreamed in order to include both not-for-profit and for-profit businesses blended with social justice (via provision of such social welfare programs as corporate social responsibility) so that they can play a major role in poverty alleviation and economic growth. Islamic entrepreneurship, which is basically a community-centric mode of business initiative, is an antidote to the problem of intolerable economic and social dualism, a natural strategy against all forms of capitalist exploitation and attempts to control a nation’s resources. Moreover, it is the natural model for solving economic inequity, wealth concentration, and social divides. Based on its potential and using examples from Bangladesh and Malaysia, we present the Islamic style of entrepreneurship. We contend that this particular style is the most efficient and desirable one for effectively widening and mainstreaming community-centric third sector economics so that it can ensure development with equity and social justice especially in developing countries.

scholarly journals Employer supported volunteering programs in large corporations

2021 ◽  
Author(s):  
Agnes Meinhard ◽  
Femida Handy ◽  
Itay Greenspan
Keyword(s):  
Nonprofit Organizations ◽  
Social Economy ◽  
Third Sector ◽  
Social Enterprises ◽  
Strict Adherence ◽  
Working Paper ◽  
The Third ◽  
The Social ◽  
The Us ◽  
The Third Sector

The term Social Economy has been used for years to describe a segment of the economy that is neither driven by the profit motives of private interests, nor owned by the state to serve public interests. Often referred to as the third sector, (distinct from the private for-profit sector and public sector) it defies clear boundaries (Moulaert & Ailenei, 2005). Thus definitions of the social economy vary. In the US the term social economy is not used at all; there the third sector refers strictly to organizations that adhere to the non-distribution-of-profits rule stipulated by the US Internal Revenue System (Graefe, 2006). In Quebec, the term Social Economy has been in use for several decades, but refers to a partnership between state and third sector organizations and an exercise in stemming the tide of neo-liberal globalization (Graefe, 2001). In Ontario and the rest of Canada, reference to a Social Economy is more recent and the concept is applied in a broader manner, in keeping with some European notions of the Social Economy (Fonatan & Shragge, 1997). This broader conceptualization eschews strict adherence to non-distribution stipulations and includes cooperatives and social enterprises in addition to nonprofit organizations. Keywords: CVSS, Centre for Voluntary Sector Studies, Working Paper Series,TRSM, Ted Rogers School of Management Citation:

scholarly journals Interview with Stefano Zamagni: The Italian Third Sector

2011 ◽  
Vol 2 (2) ◽  
Author(s):  
Andrea Bassi
Keyword(s):  
Civil Society ◽  
Third Sector ◽  
Social Enterprises ◽  
Civil Society Organizations ◽  
Voluntary Organizations ◽  
Dual Nature ◽  
The Third ◽  
Productive Function ◽  
Social Advancement ◽  
The Third Sector

In Italy, the third sector includes six main sets of civil society organizations: Voluntary organizations, social cooperatives, NGO, associations of social advancement, foundations, and social enterprises. Typical of the Italian third sector is recognition of the dual nature of its organizatons: those performing a redistributive function and those performing a productive function.

scholarly journals The role of the social economy in the welfare regimes. An alternative to explore in time of crisis.

2017 ◽  
Author(s):  
Miguel Urra
Keyword(s):  
Social Economy ◽  
Third Sector ◽  
Social Enterprises ◽  
Voluntary Action ◽  
Welfare Regimes ◽  
The Public ◽  
The Third ◽  
Housing Cooperatives ◽  
The Social ◽  
The Third Sector

In the main areas of the welfare regimes, as education, health, housing, employ or social prevision, we can find teorical points of view about the public (sinonimous of State), the private (sinonimous of tradicional capitalism model) and the third sector (sinonimous of voluntary action). In this important areas, the social economy is able to articulate a proposal that understand the public as the comunitary, the private as a market who is able to empoderate the people and the third sector as a social participation area by the economical activity. In this way, we can notice that the social economy offer specific solutions and efficient models in each social area: education cooperatives, health cooperatives, housing cooperatives, mutualism movement, social enterprises... etc. All of them can play an important role lessening the crisis impact and proposing alternative solutions.

Innovative partnerships for the utilization of confiscated assets previously owned by mafias

2016 ◽  
Vol 12 (1) ◽  
pp. 21-41 ◽  
Author(s):  
Giovanni Maria Mazzanti ◽  
Giulio Ecchia ◽  
Tamami Komatsu
Keyword(s):  
Large Scale ◽  
Third Sector ◽  
Social Enterprises ◽  
Cultural Dimensions ◽  
Content Type ◽  
The Third ◽  
The Third Sector ◽  
Historical Presence

Purpose The third sector is a producer of trust and positive social interactions, while the mafias destroy trust and social norms. Confiscation of assets and reusing confiscated assets are important tools from an economic and symbolic point of view for contrasting the mafias and promoting a sustainable and fair economy. The purpose of this paper is to analyze the role of the third sector for reusing confiscated assets. Design/methodology/approach The paper is based on a theoretical analysis of why a third sector role is utilized for reusing confiscated assets, thus focusing on the economic, social and cultural dimensions. Italian legislation and data are presented for showing the relevant and innovative role of the third sector for reusing confiscated assets. A case study of the city of Forlì, based in Northern Italy, is presented and is of particular interest because it is a part of Italy that does not have a historical presence of the mafias. The University of Bologna is now a partner of the project through the Observatory of Legality. Five hectares of confiscated, urban land have been given to two social cooperatives for organic agriculture and social gardening, which are managed by disadvantaged people working in the cooperatives. Findings The case study offers useful implications for other national and international situations. The results support that the third sector can be an effective partner in managing and restoring the goods to their community. Research limitations/implications A suggested focus on a European framework toward a more integrated approach for reusing confiscated assets. Practical implications An opportunity for policy decisions to be made toward a stronger approach for reusing confiscated assets via the third sector and civil society actors, starting from positive cases, such as the Forlì case study. Social implications Possibility of a stronger civic engagement for reusing confiscated assets previously owned by mafias. Originality/value Scaling up from a pioneering activity to a large-scale network of social enterprises and partnerships could make the difference.

A Third Sector-Led Economic Model

2013 ◽  
Vol 30 (1) ◽  
pp. 73-91 ◽  
Author(s):  
Rafiqul Islam Molla ◽  
Md. Mahmudul Alam
Keyword(s):  
Social Justice ◽  
Economic Model ◽  
Third Sector ◽  
Social Enterprises ◽  
Welfare Programs ◽  
For Profit ◽  
Wealth Concentration ◽  
Social Welfare Programs ◽  
Not For Profit ◽  
Market State

Private (first sector) and public (second sector) sector economics, both individually and jointly, have failed to ensure the wellbeing of human societies on the national and global levels. In response, social enterprise (third sector) economics, which features cooperatives and not-for-profit social enterprises, foundations (awqOEf), and similar undertakings, has emerged as a make-up strategy in an attempt to counter the deficiencies of the market-state economic model. However, there is a strongly felt belief that the third sector needs to be broadened and mainstreamed in order to include both not-for-profit and for-profit businesses blended with social justice (via provision of such social welfare programs as corporate social responsibility) so that they can play a major role in poverty alleviation and economic growth. Islamic entrepreneurship, which is basically a community-centric mode of business initiative, is an antidote to the problem of intolerable economic and social dualism, a natural strategy against all forms of capitalist exploitation and attempts to control a nation’s resources. Moreover, it is the natural model for solving economic inequity, wealth concentration, and social divides. Based on its potential and using examples from Bangladesh and Malaysia, we present the Islamic style of entrepreneurship. We contend that this particular style is the most efficient and desirable one for effectively widening and mainstreaming community-centric third sector economics so that it can ensure development with equity and social justice especially in developing countries.

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