Third sector socio-economic models: how awaqf fits in?
In this paper, we investigate various theoretical frameworks of third sector (voluntary sector) economy with an aim to propose for a sustainable and inclusive socio-economic development model. An economic model that incorporates the third sector, together with the public and private sectors, is ar...
| Main Authors: | , , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/41716/ http://irep.iium.edu.my/41716/ http://irep.iium.edu.my/41716/3/3rd_sector.pdf |
| Summary: | In this paper, we investigate various theoretical frameworks of third sector (voluntary sector) economy with an
aim to propose for a sustainable and inclusive socio-economic development model. An economic model that
incorporates the third sector, together with the public and private sectors, is argued to be not only economically
viable, but ethically superior, in achieving socio-economic development. Waqf is considered to be one of the
most important institutions of third sector that exists in the Islamic heritage. Waqf, like many other third sector
organisations (TSOs), needs to be recognized formally in efforts at building contemporary economic
development frameworks. To achieve this, the paper calls also for multi-dimensional improvements in the
management of TSOs, including waqf |
|---|