| Title |
Human Capital and Islamic-Based Social Impact Model: Small Enterprise Perspective |
| ID_Doc |
74543 |
| Authors |
Arshad, R; Noor, AHM; Yahya, A |
| Title |
Human Capital and Islamic-Based Social Impact Model: Small Enterprise Perspective |
| Year |
2015 |
| Published |
|
| Abstract |
The concept of value creation incorporating both the economic and social values is in line with the Islamic perspective of amanah (trust). The information on social values allows organisations to demonstrate their ethical accountability and in turn gain legitimacy and support particularly for organisations operating in Muslim dominated stakeholders' environment. While the measurement for economic values is generally available, the measurement of social values/impacts has encountered many difficulties, particularly in formulating acceptable measures. Hence, the objective of this study is to provide some preliminary evidence in measuring social values for relevant stakeholders as a result of business activities. In achieving this objective, this study focuses on one aspect of social output, i.e. the development of human capital through the medium of entrepreneurship education at the university for a group of small entrepreneurs. The findings revealed that social output/values are measurable and can be used in enhancing support for the organisations, particularly the provision of Islamic-based micro-finance and other forms of Islamic fundings such as waqf, zakah and saddaqa (charity) as well as the formulation of relevant strategic models in support of developing Islamic-based sustainable organisations. Islamic-based sustainable organisations can play an important role in enhancing societal and economic development. (C) 2015 Published by Elsevier B.V. |
| PDF |
https://doi.org/10.1016/s2212-5671(15)01195-8
|
