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Islamic venture philanthropy: A tool for sustainable community development

1 January 1970
Paper / Report
Publisher : Social Science Research Network (SSRN)

19423

This research proposes Islamic venture philanthropy as a tool for sustainable community development, interpreting Islamic philanthropic practices like zakat, waqf, and sadaqah through conventional venture philanthropy models. It suggests tailoring financing mechanisms, including professional financial advice, to build strong communities. Despite an estimated annual philanthropic giving of USD 250 billion to 1 trillion in Muslim communities, concerns exist regarding mismanagement. The paper advocates for the effective application and execution of these funds to foster sustainable social impact and enhance community welfare.

Author(s) :

N Alam

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Key topics

Livelihood, Financial Inclusion, and Economic Empowerment, Social Justice, Philanthropy and Human Rights

Also found in

Financial Stewardship, Sustainability, & Accountability Scaling Social Impact Strategic Fundraising, Donor Engagement and Resource Mobilisation

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