Entrepreneurship support program active
Evaluates a structured program that actively nurtures entrepreneurs through sustained support like incubation. This fosters economic self-sufficiency and ethical wealth creation, channeling barakah into the community and strengthening societal well-being. It operationalizes the protection of wealth (ḥifẓ al-māl) and prevention of harm (lā ḍarar wa lā ḍirār) by ensuring business models are ethical, compliant, and sustainable.
| Metric | Entrepreneurship Program Balanced Scorecard |
|---|---|
| Target | Defined per cohort |
| Frequency | Quarterly (Operational) / Annual (Impact) |
| Method | Composite of: 12-month Survival Rate (%), Jobs Created (FTE), Revenue Band, Shari'ah Compliance Audit Pass (%), Participant Satisfaction Score. |
| Unit | Composite |
Level 1: Initial/Ad-hoc
Ad-hoc support for entrepreneurs exists. Assistance is informal, reactive, and provided on a case-by-case basis without a defined structure, curriculum, or compliance process.
Level 2: Developing
A basic entrepreneurship support initiative is defined. The organization offers at least one core service (e.g., Qard Hasan funding) but lacks a comprehensive program, formal Shari'ah screening, or regulatory controls.
Level 3: Established
A structured program is established (Programme Core). It includes documented curriculum, mentorship, and basic Shari'ah screening. Funding is provided, but advanced regulatory controls (FCA/Subsidy) may be informal.
Level 4: Advanced
The program is managed with performance metrics and full compliance (Governance & Regulatory). Shari'ah governance is formal (ToR, annual review). FCA, Consumer Credit, and GDPR controls are operational. KPIs track survival and jobs.
Level 5: Optimizing
The program is a leading model of excellence (Ecosystem). It demonstrates 24-month+ impact (SROI), publishes open impact reports, facilitates ecosystem partnerships, and serves as a benchmark for ethical wealth creation and Barakah.
Organisation Types
By Organisation Size
| Size | Applicability | Notes |
|---|---|---|
| Micro | exempt | Lacks resources and scale for formal incubators, long-term tracking, or investor compliance. |
| Small | optional | May offer basic enterprise workshops, but formal incubator requirements and Shari'ah governance packs are disproportionate. |
| Medium | partial | Can run formal programs but may scale down complex investor compliance and dedicated Shari'ah boards to fit capacity. |
| Large | full | Expected to have robust governance, regulatory data tracking, and compliance if running economic empowerment programs. |
| Major | full | Fully resourced to implement comprehensive incubator governance, long-term tracking, and investor event compliance. |
Applicable When
- Organization has resources and capacity to offer entrepreneurship support
- Organization's mission aligns with economic empowerment and community development
- There is a demonstrable need for entrepreneurship support within the target community
Not Applicable When
- Organization lacks the resources or expertise to provide effective entrepreneurship support
- Organization's primary focus is unrelated to economic development or community empowerment
- Organization cannot meet necessary regulatory requirements (e.g., FCA authorisation/exemptions, Consumer Credit compliance, Subsidy Control) for intended funding mechanisms.
Related Criteria
Discussion (1)
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