Waqf Corporate Role to Enhance the Social Entrepreneurship in the Egyptian Community: Problems and Remedies

Abstract

For decades, Egypt -as many developing counties- suffers from various social issues as poverty, illiteracy and the decline of public service provision as healthcare, education, potable water and sewage. In spite of all the consecutive government efforts to confront such social dilemmas, the constituents of different locality in Egypt still feel the discrepancy and decay of quality for many social services proposed by the government.In fact, many challenges are hindering the government strategic path to overcome such social issues as the scarcity of financial and physical resources, deplorable bureaucracy crippled by red tapes, lack of competent human resources, escalated number of population and embedded corruption. Thereby, the people whined from social injustice due to the government failure in realizing a just national wealth distribution. Hence, social entrepreneurship emerged -from the twentieth century endings- as an alternate option to resolve inadequate government performance and to improve the quality and the delivery of social services. Whereby, this can be realized by mobilizing personal properties to be allocated to public affairs in the context of people cooperation and voluntary participation values. Such process of social entrepreneurship had to take place within an entity/corporation -as non-governmental organizations NGOs- (social entrepreneur) able to manage its activities effectively realizing an adequate model of actions within the organization (intrapreneurship/internal entrepreneurship). This paper, therefore, explores, discusses and analyzes the role of waqf corporate as a good example for social entrepreneurs who have played a significant role of providing opportunities in sharing the government’s fiscal needs and improving the communities and nation welfare throughout history in many countries. Waqf corporate has a potential to become one of the effective tools regarding the socioeconomic realm in the Egyptian community; whereby it can benefit the community in term of education, health care, national security, social justice, transportation facilities, basic infrastructure, foods and job opportunities. Keywords: Corporate waqf, Social entrepreneurship, Intrapreneurship, Egyptian community.