Taqwa (piety) approach in sustaining islamic philanthropy for social businesses

Sarif explores the integration of Taqwa—a Quranic concept emphasizing piety, God-consciousness, and accountability—into Islamic philanthropy models. The paper advocates for spiritually rooted frameworks to enhance the sustainability and ethical orientation of social enterprises aligned with religious giving. It examines how concepts like "ta’awun" (cooperation) and "fastabiqul khairat" (competing for goodness) contribute to sustainable competitive advantage and spiritual synergy in business. The study postulates that integrating these principles fosters unity and drives the market economy with greater social responsibility and accountability.