Конференция, 2024, Мултидисциплинарни иновации за социални промени
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Конференция, 2024, Мултидисциплинарни иновации за социални промени
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Item ISSUES AND CHALLENGES OF THE ASNAF ENTREPRENEURSHIP PROGRAM(Бургаски свободен университет, 2024) Sharifah Norzehan Syed Yusuf; Farah Aida Ahmad Nadzri; Norhayati Samba MohamedThrough entrepreneurship, the Asnaf Entrepreneurship Program is a vital initiative by zakat institutions in Malaysia to improve the socio-economic conditions of the asnaf, or rightful beneficiaries of zakat. Since the program's recipients are Asnaf, the underprivileged who may or may not have had the experience of conducting business. This article examines the issues and challenges the program faces. The study highlights the significant role of zakat institutions in poverty alleviation and the promotion of social welfare, emphasising the need for effective management practices and the integration of modern accounting systems. Key challenges identified include trust deficits, management inefficiencies, the need for innovation and technological adoption and enhanced elements of social capital in the Asnaf Entrepreneurship Program. The findings suggest that addressing these challenges through strategic reforms and enhanced transparency can significantly improve the impact of the Asnaf Entrepreneurship Program, thereby contributing to sustainable economic development.Item VALUE CREATION REPORTING FRAMEWORK: A CASE STUDY OF RELIGIOUS COUNCIL(Бургаски свободен университет, 2024) Farah Aida Ahmad Nadzri; Sharifah Norzehan Syed Yusuf; Norhayati Wahib; Nadiatul Akma Rosle; Hidayahtul Khusna Abdul MalikThis paper explores the potential of a Value Creation Reporting Framework (VCRF) for religious councils in Malaysia. Traditionally, financial reporting prioritizes economic gains. However, a VCRF offers a more holistic perspective, encompassing the social and spiritual value religious councils create. This case study explores how these councils, entrusted with safeguarding religious matters and fostering community wellbeing, can leverage a VCRF to showcase their multifaceted impact. The paper outlines a potential framework specifically designed for Malaysian religious councils. It then analyzes the application of this framework, highlighting both the challenges and benefits associated with its implementation. By adopting a VCRF, religious councils can enhance transparency, improve decision-making, and demonstrate the true breadth of their contributions to Malaysian society. This research aims to contribute valuable insights for religious organizations seeking to go beyond traditional financial reporting and showcase the full spectrum of value they create.