Venture Philanthropy Waqf Model: A Conceptual Study
Model Wakaf Usaha Kedermawanan: Satu Kajian Konseptual

Faculty of Business, Communications & Law
INTI International University, Persiaran Bandar Baru Nilai
71800 Bandar Baru Nilai, Negeri Sembilan

azlizaa.mzakaria@newinti.edu.my

Faculty of Business, Communications & Law
INTI International University, Persiaran Bandar Baru Nilai
71800 Bandar Baru Nilai, Negeri Sembilan

roseruziana.samad@newinti.edu.my

Faculty of Economics and Muamalat
Universiti Sains Islam Malaysia
Nilai,71800, Negeri Sembilan

zurina.shafii@usim.edu.my

Abstract

The concept of venture philanthropy has been greatly discussed by various parties especially among the policy makers. The increasing social problems call for corporations to respond positively and take responsibilities in the social sector. It encourages venture philanthropy activities among profit and non-profit organizations in enhancing business values and creating positive social impacts. There have been past studies that looked at how venture philanthropy concept can be linked with Islamic philanthropy. Islamic philanthropy includes but not limited to zakat, waqf and sadaqah. The instruments within Islamic philanthropy aim to serve the purpose of narrowing social distance and reducing inequalities. This conceptual paper aims to understand further the concept of venture philanthropy and how it links to Islamic philanthropy. This paper also aims to explore how venture philanthropy approach is applicable in enhancing waqf practices.

Keywords

Islamic philanthropy; social entrepreneurship; social impact on society; venture philanthropy; Waqf

Citation

Mohd Zakaria, A. A., Abd. Samad, R. R., & Shafii, Z. (2013). Venture Philanthropy Waqf Model: A Conceptual Study. Jurnal Pengurusan, 38, 119–125.

@article{mohdzakaria2013venture,
  title={Venture Philanthropy Waqf Model: A Conceptual Study},
  author={Mohd Zakaria, Azliza Azrah and Abd. Samad, Rose Ruziana and Shafii, Zurina},
  journal={Jurnal Pengurusan},
 

volume={38},
  number={},
  pages={119—125},
  year={2013},
  doi={},
  publisher={Penerbit UKM},
}

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38 (2013) 119 – 125

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