Empowering Community Through Entrepreneurship Training and Islamic Micro-Financing

2020 ◽  
pp. 57-76
Author(s):  
Norma Md Saad ◽  
Mustafa Omar Mohammad ◽  
Mohammed Aslam Haneef
Keyword(s):  
Economic Development ◽  
Small Town ◽  
Community Economic Development ◽  
Entrepreneurship Training ◽  
Main Partner ◽  
Islamic Bank ◽  
The Poor ◽  
New Strategy ◽  
Islamic Microfinance ◽  
Successful Entrepreneurs

Community economic development is a relatively new strategy employed to increase employment, income, and entrepreneurship activities in small town and communities. The Centre for Islamic Economics, International Islamic University Malaysia (IIUM) has initiated a smart partnership with CIMB Islamic Bank to offer entrepreneurship training and Islamic microfinance facility to the poor in Malaysia. This project adopts several modes of Islamic microfinance financing instruments which include equity-based and debt-based financing. The program aims to educate the communities surrounding the IIUM campus with entrepreneurship knowledge and skill in addition to giving Shariah-compliant micro-financing facility for them to implement their business ideas. CIMB Islamic, which is the main partner for this project, provides funds for Islamic microfinance facilities and IIUM contributes expertise in providing entrepreneurship trainings to the communities located near IIUM campus. It is hoped that this smart partnership would empower the surrounding communities and create more successful entrepreneurs.

Second Growth: Community Economic Development in Rural British Columbia

2005 ◽  
Vol 38 (4) ◽  
pp. 1067-1068
Author(s):  
Andrew Molloy
Keyword(s):  
British Columbia ◽  
Economic Development ◽  
Community Development ◽  
Small Town ◽  
Local Level ◽  
Empirical Studies ◽  
Action Learning ◽  
Small Time ◽  
Community Economic Development ◽  
Second Growth

Second Growth: Community Economic Development in Rural British Columbia, Sean Markey, John Pierce, Mark Roseland and Kelly Vodden, Vancouver: University of British Columbia Press, 2005, pp. 352.This theoretically rich, community economic development (CED) work, written by four members of the Centre for Sustainable Community Development (formerly the Community Economic Development Centre) at Simon Fraser University, is the product of a three-year participatory-action-based research project involving four “forest-based” British Columbia communities. Two Aboriginal communities and two municipalities were case studied as part of an action-learning exercise in order to gain “insight into the apparent conflict between the economic imperative and fluidity of capital versus the lived worlds of rural and small time places” (3). Through their empirical studies of the four communities, the authors argue that CED, fostered at the local level, can allow for the kind of capacity building that is needed to create diversified, sustainable economic futures for resource-based rural and small-town communities. They are careful, however, to distinguish between the use of CED as a “localized and palliative strategy” for marginalized communities caught in the throes of political and economic dependency, and the possibilities for a more robust (theoretically balanced) version of CED, which can become part and parcel of rural and small-town locally-based planning and development. While recognizing the appropriateness of CED in either situation, they argue that a host of negative economic and political factors, which are intensifying under the direction of neo-liberal ideological thinking, have resulted in a pressing need for the more robust form of community development and corresponding revitalization strategies.

scholarly journals Contextualizing Community Economic Development

2019 ◽  
Vol 2 (2) ◽  
pp. 75
Author(s):  
Ahmad Gamal
Keyword(s):  
Economic Development ◽  
Urban Environment ◽  
Informal Employment ◽  
Community Economic Development ◽  
Population Composition ◽  
Community Based ◽  
Economic Context ◽  
The Poor ◽  
The Rich ◽  
Unique Context

This paper is aimed at contextualizing the approach of Community Based Development as an alternative solution of communities to reduce dependency to the outer forces. It is conducted by examining a heavily urbanized area in Central Jakarta and to compare it with different scales of contexts. Kelurahan Cideng has very unique context since its urban environment has particular population composition of the dichotomic extremes: the poor and the rich as well as those involved in formal and informal employment. The study treats a national government’s policy of the integration of Posyandu, BKK and provincial initiative of PAUD as the interplay with the socio-economic context of Cideng.

Inequality, Collective Action, and Democratization

2009 ◽  
Vol 42 (04) ◽  
pp. 661-666 ◽  
Author(s):  
Philip Keefer
Keyword(s):  
Economic Development ◽  
Collective Action ◽  
Working Classes ◽  
The Poor ◽  
The Rich

Epic redistributive struggles between the rich and poor lie at the heart of prominent theories of economic development and the emergence of democracy (e.g., Boix 2003; Acemoglu and Robinson 2006). The poor pursue democracy to secure credible redistribution away from wealthy elites; elites, fearing redistribution, but also the costs of revolution, decide whether to repress these efforts or to surrender to them. These theories, and the historical examples of working classes exacting redistributive or political concessions from elites, have been interpreted as suggesting that inequality and redistributive struggles should be central features of development and democratization. Where inequality is high, democracy should be unlikely to emerge, or to emerge and be unstable. Because elites in unequal societies are unwilling to adopt institutions that encourage growth and investment (such as institutions that protect non-elites from predation by elites), incomes should be lower as well.

La Continuité et le Changement dans les Stratégies de Développement Économique en Iran Aprés 1989

2007 ◽  
Vol 40 (3) ◽  
pp. 685-708
Author(s):  
Mohammad-Ali Shirdel
Keyword(s):  
Economic Development ◽  
Civil Society ◽  
Structural Adjustment ◽  
International System ◽  
Islamic State ◽  
Strategy Of Development ◽  
New Strategy ◽  
Développement Économique ◽  
Société Civile ◽  
Economic Stabilization

Résumé.Cette recherche a pour objectif d'expliquer le changement et la continuité dans les stratégies de développement économique après la révolution islamique en Iran. Le modèle explicatif est le suivant : la configuration et l'interaction particulière de quatre facteurs expliquent le choix et le changement dans les stratégies de développement économique en Iran : l'État, la société civile, le système mondial et les idées. À partir de 1989, la Deuxième République annonce des changements importants dans l'État islamique et dans ses relations avec la société civile islamique, d'un côté, et avec le système international, de l'autre. Ces changements en ont entraîné d'autres dans les stratégies de développement et ont eu pour résultat l'application d'une nouvelle stratégie de développement. Cette nouvelle stratégie a deux volets importants : les programmes de stabilisation économique et les programmes d'ajustement structurel.Abstract.This research aims to explain change and continuity in the strategies of economic development after the Islamic revolution in Iran. The explanatory model is as follows: the particular configuration and interaction of four factors explain the choices and changes in the strategies of economic development in Iran: the state, civil society, the world system and ideas. Starting in 1989, the Second Republic announced important changes in the Islamic State and its relations with civil society on one side, and with the international system on the other. These changes involved other changes in the strategies of development and the application of a new strategy of development. This new strategy has two important facets: programs of economic stabilization and programs of structural adjustment.

“Small town” entrepreneurial ecosystems

2017 ◽  
Vol 9 (3) ◽  
pp. 238-262 ◽  
Author(s):  
Philip T. Roundy
Keyword(s):  
Economic Development ◽  
Small Town ◽  
Small Towns ◽  
Urban Centers ◽  
Small Cities ◽  
Policy Makers ◽  
Content Type ◽  
Developed Economies ◽  
Entrepreneurial Ecosystems ◽  
Economic Landscape

Purpose Entrepreneurial ecosystems are receiving growing attention from scholars, practitioners and policy-makers in both developed and developing countries. Studies of this phenomenon have focused almost exclusively on ecosystems in large, urbanized regions and metropolitan areas, located primarily in developed economies. However, the prevalence of small cities across the globe and the increasing acknowledgment that entrepreneurship in small towns is a key determinant of their economic development and rejuvenation suggests that entrepreneurial ecosystems research would benefit from a broader lens of inquiry. Thus, the purpose of this paper is to introduce a framework for studying entrepreneurial ecosystems in small towns. Design/methodology/approach This conceptual paper introduces the concept of small town entrepreneurial ecosystems (STEEs), draws from a wide-ranging set of disciplines to delineate the ways in which small town ecosystems are similar to and different than their larger counterparts and theorizes about several strategies STEEs use to overcome their limitations. Findings It is theorized that entrepreneurship in small cities is best conceptualized as the outcome of an ecosystem, which means that although small towns may not have some of the same key components as entrepreneurial ecosystems in large urban centers, other elements of the ecosystem may be able to bolster these deficiencies. It also suggests that those attempting to create or develop small town ecosystems may need to be entrepreneurial in the way they attract, view and utilize resources. Finally, it is theorized that small cities may be able to engage in several strategies to overcome their limitations and create vibrant entrepreneurial communities. Originality/value The theory developed produces implications for scholars focused on entrepreneurial ecosystems, economic development and emerging economies and suggests practical implications for policy-makers and development organizations seeking to improve the economic landscape of small cities.

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