Good governance of social entrepreneurship under Maqasidi approach
The paper explores conceptually the good governance of social entrepreneurship under Maqasidic approach. Good governance, Wasatiyyah, and Maqasid al-Shariah constructs were embedded into the Social Entrepreneurship-Maqasidic Good Governance Framework. This framework allows social entrepreneurship wi...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/55949/ http://irep.iium.edu.my/55949/ http://irep.iium.edu.my/55949/29/55949.pdf http://irep.iium.edu.my/55949/1/GoodgovSEICIJ.pdf |
| Summary: | The paper explores conceptually the good governance of social entrepreneurship under Maqasidic approach. Good governance, Wasatiyyah, and Maqasid al-Shariah constructs were embedded into the Social Entrepreneurship-Maqasidic Good Governance Framework. This framework allows social entrepreneurship with profit and non-profit agenda to be governed with moderate Maqasidic approach. The regulatory framework under traditional maqasid is perceived to be of rigid and reduces flexibility and the hybrid model of corporate entities in social entrepreneurship. Wasatiyyah provides the guidelines to be moderate, just and balanced in formulating, executing and evaluating strategies, plans, and activities. The six phases of Malaysian economic contexts have incorporated the essence of wasatiyyah through the consistent objectives to eradicate poverty, maintain national unity and increase wealth of the nation. Theoretically, good governance with Maqasid al-Shariah and wasatiyyah approaches allows flexible and focused for all enterprises to perform better. Social entrepreneurship with the hybrid corporate objectives require corporate governance with Maqasid al-Shariah regulatory framework and wasatiyyah approach. |
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