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Islamic social enterprises in Bangladesh: Conceptual and institutional challenges

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  • Md. Fazla Mohiuddin

Abstract

To date, very little attention has been given to Islamic social enterprise although it has huge potential within the context of third sector economy. Addressing this gap, taking Bangladesh as a point of departure, this paper explores how Islamic social enterprise can contribute to enhance the effectiveness of third sector economy. Drawing on lessons from different case studies, it finds that government of Bangladesh should provide a separate legal and regulatory environment for Islamic social enterprise for it to grow in size and scale. In addition to that, the paper came up with three themes which could provide crucial guidelines for Bangladeshi Islamic social enterprise to improve operation and effectiveness. These themes are: leveraging social capital, product and service innovation, and formation of apex institutional bodies. The paper ends with actionable and transparent policy and strategy recommendations for all the stakeholders.

Suggested Citation

  • Md. Fazla Mohiuddin, 2017. "Islamic social enterprises in Bangladesh: Conceptual and institutional challenges," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1305674-130, January.
    • Handle: RePEc:taf:oabmxx:v:4:y:2017:i:1:p:1305674
    DOI: 10.1080/23311975.2017.1305674
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    References listed on IDEAS

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    1. Sarah JOHNSEN, 2015. "Revisiting the concept of Social Enterprise in a Gulf Cooperation Council (GCC) context: a social constructionist view," CIRIEC Working Papers 1516, CIRIEC - Université de Liège.
    2. Rubena Sukaj, 2014. "Priority Areas for Bangladesh’s Further Development: Inequality, Employment, and Poverty," Bangladesh Development Research Working Paper Series (BDRWPS) BDRWPS No. 21, Bangladesh Development Research Center (BDRC).
    3. Ahmed, Habib, 2002. "Financing Microenterprises: An Analytical Study Of Islamic Microfinance Institutions," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 9, pages 28-64.
    Full references (including those not matched with items on IDEAS)

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