Tuesday, December 15, 2015

International Conference on Islamic Economics, Governance and Social Enterprise - Day 2

Day 2

Day 2 of IConIGS 2015 started with more participants presenting in parallel sessions.  After the morning break, Professor Rafiqul Islam Molla, Advisor to the Islamic International University Chittagong, Bangladesh presented a special paper on Social Enterprise Economics.  the voluntary sector or community sector (also non-profit sector or "not-for-profit" sector) is the duty of social activity undertaken by organizations that are not for-profit and non-governmental. This sector is also called the third sector in contrast to the public sector and the private sector. Civic sector or social sector are other terms for the sector, emphasizing its relationship to civil society.  Following Professor Molla's special address, there was a plenary session.  Moderated by Prof Dato' Dr Mustafa Mohamed Hanefah, the session was facilitated by two plenary speakers, namely Mr Md Khairuddin Hj Arshad, Chief Operating Officer of Bank Rakyat, Malaysia and Mr Zainal Abidin, Director of Social Enterprise Dompet Dhuafa, Indonesia.  Whilst Mr Khairuddin discusses the role of the financial sector in enhancing the  development of social enterprise; Mr Zainal Abidin shares his personal experiences in the setting up of social enterprise economics.  Later in the afternoon, participants were invited to participate in an Office Bearer meeting, to discuss the association's activities for the next two years. Participants were reminded that the Social Enterprise economics, together with micro-finance, non-profit organisations and the cooperatives constitute main components of the third sector.   Note that, in general,