Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss

Sabrina Inazzone; Alija Avdukic

doi:10.1007/978-3-031-60942-8_15

Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss

Sabrina Inazzone (Lead / Corresponding author)
, Alija Avdukic

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

37 Downloads (Pure)

Abstract

The ‘Sandouq’ model, literally a savings box, became known as a microfinance innovation to enhance socio-economic development of low-income rural communities in Jabal Al-Hoss, one of the poorest areas in Syria, before the Syrian civil war. The initiative responded to the unmet needs of rural people living in poverty who were unable to access and mobilise sources of finance in the traditional banking system. The article makes visible the key lessons learnt from the Jabal Al-Hoss project—sustainability, self-reliance and profit sharing, and the inclusion of women. In doing so, it deconstructs the concept of the ‘Sandouq’ innovation as the modern articulation of the Islamic Moral Economy (IME) and sheds light on new prospects for philanthropic and business practices. This article explores today’s potential of ‘Sandouq’ models for community empowerment, financial inclusion, and social justice, by endogenising philanthropy and business into operation of Islamic microfinance.

Original language	English
Title of host publication	Different Forms of Microcredit and Social Business
Subtitle of host publication	Microfinance in Global History from the Late Medieval to the Modern
Editors	Paola Avallone, Donatella Strangio
Publisher	Palgrave Macmillan
Pages	315–345
Number of pages	30
Edition	1
ISBN (Electronic)	9783031609428
ISBN (Print)	9783031609411, 9783031609442
DOIs	https://doi.org/10.1007/978-3-031-60942-8_15
Publication status	Published - 1 Oct 2024

Publication series

Name	Palgrave Studies in the History of Finance (PSHF)
Publisher	Palgrave Macmillan
ISSN (Print)	2662-5164
ISSN (Electronic)	2662-5172

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 5 Gender Equality
SDG 8 Decent Work and Economic Growth

Keywords

Sandouq
Microfinance
Infāq
Philanthropy

Access to Document

10.1007/978-3-031-60942-8_15

Author Accepted ManuscriptAccepted author manuscript, 645 KBLicence: Other

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Inazzone, S., & Avdukic, A. (2024). Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss. In P. Avallone, & D. Strangio (Eds.), Different Forms of Microcredit and Social Business: Microfinance in Global History from the Late Medieval to the Modern (1 ed., pp. 315–345). (Palgrave Studies in the History of Finance (PSHF)). Palgrave Macmillan. https://doi.org/10.1007/978-3-031-60942-8_15

Inazzone, Sabrina ; Avdukic, Alija. / Integrating Microfinance and Philanthropy Through the Syrian Sandouq : Lessons Learnt from Jabal Al-Hoss. Different Forms of Microcredit and Social Business: Microfinance in Global History from the Late Medieval to the Modern. editor / Paola Avallone ; Donatella Strangio. 1. ed. Palgrave Macmillan, 2024. pp. 315–345 (Palgrave Studies in the History of Finance (PSHF)).

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abstract = "The {\textquoteleft}Sandouq{\textquoteright} model, literally a savings box, became known as a microfinance innovation to enhance socio-economic development of low-income rural communities in Jabal Al-Hoss, one of the poorest areas in Syria, before the Syrian civil war. The initiative responded to the unmet needs of rural people living in poverty who were unable to access and mobilise sources of finance in the traditional banking system. The article makes visible the key lessons learnt from the Jabal Al-Hoss project—sustainability, self-reliance and profit sharing, and the inclusion of women. In doing so, it deconstructs the concept of the {\textquoteleft}Sandouq{\textquoteright} innovation as the modern articulation of the Islamic Moral Economy (IME) and sheds light on new prospects for philanthropic and business practices. This article explores today{\textquoteright}s potential of {\textquoteleft}Sandouq{\textquoteright} models for community empowerment, financial inclusion, and social justice, by endogenising philanthropy and business into operation of Islamic microfinance.",

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Inazzone, S & Avdukic, A 2024, Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss. in P Avallone & D Strangio (eds), Different Forms of Microcredit and Social Business: Microfinance in Global History from the Late Medieval to the Modern. 1 edn, Palgrave Studies in the History of Finance (PSHF), Palgrave Macmillan, pp. 315–345. https://doi.org/10.1007/978-3-031-60942-8_15

Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss. / Inazzone, Sabrina (Lead / Corresponding author); Avdukic, Alija.
Different Forms of Microcredit and Social Business: Microfinance in Global History from the Late Medieval to the Modern. ed. / Paola Avallone; Donatella Strangio. 1. ed. Palgrave Macmillan, 2024. p. 315–345 (Palgrave Studies in the History of Finance (PSHF)).

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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T1 - Integrating Microfinance and Philanthropy Through the Syrian Sandouq

T2 - Lessons Learnt from Jabal Al-Hoss

AU - Inazzone, Sabrina

AU - Avdukic, Alija

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N2 - The ‘Sandouq’ model, literally a savings box, became known as a microfinance innovation to enhance socio-economic development of low-income rural communities in Jabal Al-Hoss, one of the poorest areas in Syria, before the Syrian civil war. The initiative responded to the unmet needs of rural people living in poverty who were unable to access and mobilise sources of finance in the traditional banking system. The article makes visible the key lessons learnt from the Jabal Al-Hoss project—sustainability, self-reliance and profit sharing, and the inclusion of women. In doing so, it deconstructs the concept of the ‘Sandouq’ innovation as the modern articulation of the Islamic Moral Economy (IME) and sheds light on new prospects for philanthropic and business practices. This article explores today’s potential of ‘Sandouq’ models for community empowerment, financial inclusion, and social justice, by endogenising philanthropy and business into operation of Islamic microfinance.

AB - The ‘Sandouq’ model, literally a savings box, became known as a microfinance innovation to enhance socio-economic development of low-income rural communities in Jabal Al-Hoss, one of the poorest areas in Syria, before the Syrian civil war. The initiative responded to the unmet needs of rural people living in poverty who were unable to access and mobilise sources of finance in the traditional banking system. The article makes visible the key lessons learnt from the Jabal Al-Hoss project—sustainability, self-reliance and profit sharing, and the inclusion of women. In doing so, it deconstructs the concept of the ‘Sandouq’ innovation as the modern articulation of the Islamic Moral Economy (IME) and sheds light on new prospects for philanthropic and business practices. This article explores today’s potential of ‘Sandouq’ models for community empowerment, financial inclusion, and social justice, by endogenising philanthropy and business into operation of Islamic microfinance.

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Inazzone S, Avdukic A. Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss. In Avallone P, Strangio D, editors, Different Forms of Microcredit and Social Business: Microfinance in Global History from the Late Medieval to the Modern. 1 ed. Palgrave Macmillan. 2024. p. 315–345. (Palgrave Studies in the History of Finance (PSHF)). Epub 2024 Sept 30. doi: 10.1007/978-3-031-60942-8_15

Integrating Microfinance and Philanthropy Through the Syrian Sandouq: Lessons Learnt from Jabal Al-Hoss

Abstract

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UN SDGs

Keywords

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