social entrepreneurship - a way forward for muslim youth in europe

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SOCIAL SOCIAL ENTREPRENEURSHIP - A ENTREPRENEURSHIP - A WAY FORWARD FOR WAY FORWARD FOR MUSLIM YOUTH IN MUSLIM YOUTH IN EUROPEEUROPE

Abubaker Adam, Project Manager, Zakat House

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What we will cover today

Zakat House – Mission Statement and Services

Islam, Innovation and Entrepreneurship

Introduce the Concepts of Social Entrepreneurship

What is a Social Enterprise?

What are the characteristic of the social Entrepreneurs?

Social Entrepreneurship The WWW factors

Can you really change the world ?

Dream Believe Pursue Dream Believe Pursue

Today’s Session3

Mission Statement

“To inspire and assist small charities to become innovative, effective, and efficient in principle and practice, and to excel in

serving the needs of humanity”

Zakat House Mission Zakat House Mission 4

Islam and Innovation Islam and Innovation

Product Innovation Attempt at gliding Abbas Ibn Firnas of Islamic Spain made in

875 the first unsuccessful attempt Citric acid Jabir ibn Hayyan is credited with the discovery and

isolation of citric acid, the sour component of lemons and other unripe fruits.

Who invented soap and why?

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Islam, Innovation and Islam, Innovation and EntrepreneurshipEntrepreneurship

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Islam and EntrepreneurshipIslam and Entrepreneurship

In the medical sciences Ibn Sina He was the first physician that described meningitis and described 760 drugs that were healing to the body.

Al-Razi found a treatment for kidney and bladder stones and explained the nature of various infectious diseases. Abul-Qasim al-Zahrawi, under the patronage of Caliph Al-Hakim II, pioneered in surgery and operated Cesareans and was also the first to use silk thread for stitching wounds.

Ahmad, Huma. "Muslim Contributions to Science, Philosophy, and the Arts." Jannah.org. April 1997. Jannah , Web. 9 Oct 2009. <http://www.jannah.org/articles/contrib.html>

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Islam and EntrepreneurshipIslam and Entrepreneurship

Technological innovation

Methods of irrigation, including underground channels, windmills, and waterwheels were some of the Muslim inventions.

When Muslims were in Southern Spain, they introduced irrigation methods which raised the level of agriculture in the country.

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Founded By Dr Hany El-Banna (Founder of Islamic Relief)

Supports start-ups and small charities registered in the UK in providing an innovative open space to work together, share knowledge, skills, and expertise.

Supports structure that fosters charities to implement good governance, accountability and transparency.

Zakat House Services 9

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Zakat House office Services for Charities

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Zakat House seed funding

“Funds necessary to start the business so that it has enough funds to sustain itself for a period of development”

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Zakat House Charity governance

The principles of good governance:

Managing charity resources - provides guidance on managing charity resources, including finances, marketing and property,

Managing risk - provides guidance on managing risk to a charity’s beneficiaries, resources or reputation.

Environmental responsibility - explains why it’s important and points charities to organisations that can help with environmental responsibility issues.

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What is Social Entrepreneurship?

Social Entrepreneurship is the use of business practices such as business planning, project management, marketing and sales, to advance social causes.

What is Social Entrepreneurship?14

Or a process of creating value by bringing together a unique package of resources to exploit an opportunity that will make social impact

Examples:

And also…….15

Example of a Social Entrepreneurship?16

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 “My ambition is that you will never be more than a few minutes' walk

from a cafe which will happily refill your water bottle for free,” says the

25-year-old. www.givemetap.co.uk

The first thing I did was write a letter to ten people I knew, or didn’t know but who I wanted to be involved because I thought they could help,” she says. “I wrote and told them I had this crazy idea, and it’s going to help young people deal with money and be enterprising, and did they want to be involved? And they all wrote back and said yes.www.mybnk.org

What makes a business a social enterprise?

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A social enterprise does:

•Make its money from selling goods and services.

•Cover its own costs in the long-term (though like any business, it may need help to get started)

•Put at least half of any profits back into making a difference

•Pay reasonable salaries to its staff

A social enterprise does not

• Exist to make profits for shareholders

•Exist to make its owners very wealthy

•Rely on volunteering, grants or donations to stay afloat in the long term (though again, it may need this sort of help to get started)

Social Entrepreneurs Social Entrepreneurs The WWW factor The WWW factor

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What do they do? What do they do?

1. Find an opportunity

2. Develop a business concept

3. Figure out what success means and how to measure it

4. Acquire the right resources

5. Launch and grow

6. Attain goals

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What else do they do? What else do they do?

I'm a great believer in luck and I find the harder I work, the more I have of it.

Thomas Jefferson

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Why & how do they do it? Why & how do they do it?

The SE aims to bring social Values and real-time impact to their communities and Humanity

The Noble Prophet (SAW) has taught us that the leader of a people is their servant. The concept of servant-minded leadership is central to Islamic teachings. 

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What are the characteristics of the What are the characteristics of the social entrepreneurs?social entrepreneurs?

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Strong Islamic & Ethical Impetus (Deen, Emman, Addab,)

Willingness to Self-Correct

Willingness to Share Credit

The first three The first three 23

Willingness to Break Free of the Established Structure.

Willingness to Cross-Disciplinary Boundaries.

Willingness to Work Quietly.

The next three The next three 24

Can you really change the world?

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Example of a nation…in194526

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Example of a nation… in 2011

The results are….

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Global Domination….in silence

Dream. Believe. Pursue

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Video time….

Sit back and enjoy!

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How to contact Zakat House

abubaker@Zakat-house.com

020 7368 1645

Zakat.House

Zakathouseuk

@Zakathouseuk

Zakat House

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Any Questions?

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