Social Entrepreneurship - a way forward for Muslim youth in Europe

2. Social Entrepreneurship - a way forward for Muslim youth in Europe Abubaker Adam, Project Manager, Zakat House

3. Today’s Session 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

4. Zakat House Mission 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”

5. 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?

6. Islam, Innovation and Entrepreneurship

7. Islam 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-Razifound 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>

8. Islam 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.

9. Zakat House Services • Founded By Dr Hany El-Banna (Founder of Islamic Relief) • Supports start-ups and small charities registered in the UKin 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.

10. Zakat House office Services for Charities

11. Zakat House seed funding “Funds necessary to start the business so that it has enough funds to sustain itself for a period of development”

12. 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.

13. What is Social Entrepreneurship?

14. 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.

15. And also……. • Or a process of creating value by bringing together a unique package of resources to exploit an opportunity that will make social impact Examples:

16. Example of a Social Entrepreneurship? 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 .“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

17. What makes a business a social enterprise? • 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)

18. Social Entrepreneurs The WWW factor

19. What do they do? • Find an opportunity • Develop a business concept • Figure out what success means and how to measure it • Acquire the right resources • Launch and grow • Attain goals

20. 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

21. Why & how do they do it? • The SE aims to bring social Valuesand 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.

22. What are the characteristics of the social entrepreneurs?

23. The first three • Strong Islamic & Ethical Impetus (Deen, Emman, Addab,) • Willingness to Self-Correct • Willingness to Share Credit

24. The next three • Willingness to Break Free of the Established Structure. • Willingness to Cross-Disciplinary Boundaries. • Willingness to Work Quietly.

25. Can you really change the world?

26. Example of a nation…in1945

27. Example of a nation… in 2011

28. The results are….

29. Global Domination….in silence

30. Dream. Believe. Pursue Video time…. Sit back and enjoy!

32. How to contact Zakat House Zakathouseuk @Zakathouseuk Zakat House abubaker@Zakat-house.com 020 7368 1645 Zakat.House

33. Any Questions?