Taqwa (piety) approach in sustaining Islamic philanthropy for social businesses

• Main Authors: Mhd. Sarif, Suhaimi, Zainudin, Dolhadi, Ismail, Yusof
• Format: Conference or Workshop Item
• Language: English; English
• Published: 2020
• Subjects: HF5387 Business ethics
• Online Access: http://irep.iium.edu.my/83805/2/Suhaimi%20et%20al%20The%20Influence%20of%20Taqwa%20%28Piety%29%20In%20Sustaining%20Islamic%20Philanthropy%20for%20Social%20Businesses.pdf; http://irep.iium.edu.my/83805/9/83805%20Taqwa%20%28piety%29%20approach%20in%20sustaining%20Islamic%20philanthropy%20for%20social%20businesses.pdf; http://irep.iium.edu.my/83805/

Taqwa (piety) approach in sustaining Islamic philanthropy for social businesses is essential. Social businesses are getting important role in the development of a balanced, just and prosperous society. Social businesses are established to address social objectives using business model. The input for the social businesses is unlike the convention for profit businesses. The input comes from the society. The existing public and private sectors are not able to address social issues. The private sectors left pollution, social injustice and unemployment. This is the gap that the society must address. The contribution to the social businesses is from the society. Each individual is needed to be part of the social businesses. The individuals with Taqwa (piety) are having distinctive competencies to mobilize Islamic philanthropy in terms of charity giving (sadaqah), permanent charity (infaq) and endowment (waqf). This study postulates that Taqwa (piety) can influence individuals to sustain Islamic philanthropy for social business. This study conducts personal interviews with community leaders to explore their views on the influence of Taqwa (piety) on individuals to sustain Islamic philanthropy for social business. The use of qualitative personal interview is not to generalize the results of the study but to provide deep understanding about the context. The grounded results of the context provide a contingency view on organizational behavioral studies, practices and public policy for social development. The respondents argued that the effect of taqwa (piety) can be explained by social status, industrial exposure, and economics. The respondents suggested for tarbiyyah (education) and biah solehah (good environment) to nurture taqwa (piety).