Integrating Social Business for Sustainable Impact: A Systematic Literature Review in the Context of Waqf

Abstract

Integrating social business principles into waqf, the Islamic endowment tradition, presents a promising avenue for enhancing its impact and sustainability. This systematic literature review examines existing research on integrating social business for sustainable impact in waqf. This review aims to identify key themes, theoretical frameworks, methodologies, and best practices related to integrating social business in waqf management by systematically analyzing and synthesizing the literature. The review finds that while there is a growing interest in the potential of social business to transform waqf management, more comprehensive research needs to be conducted that systematically explores this topic. Existing studies highlight the importance of adopting a holistic approach to integrating the social business in waqf, encompassing financial sustainability, social impact assessment, legal and governance frameworks, and stakeholder partnerships.