"What we know about capitalism is maximising profit. That is only half of it, the other half of capitalism still remains untold, which is social welfare. We don't know the capitalism fully yet," he said in an exclusive interview with the UNB.

Yunus, the pioneer of micro-credit that earned him the Noble Peace Prize 2006, said social business is important because it addresses the vital concerns of mankind. It can change the life of 60 per cent of the world population who are extremely poor.

He said: "The social business I'm advocating for is a no-loss, no-profit business, which can ensure social welfare and remove poverty."

The Noble laureate said social business, particularly multinational social businesses, can radically transform the nature of capitalism, which in its present incarnation does not creates enough opportunities for the poor, and which "threatens the global environment through ever-increasing materialism and consumerism".

Replying to a question what will

be the salary structure of a social business company, he said social business is not a company that invites losses for its owner. "It'll do business like other companies, the difference is that the owner of the company will not take profit or dividend from this company," he said.

Prof Yunus went on: "The owner may take out his capital from the company, but not the dividend or profit…the profit will remain there to expand the company. And its salary structure will be the same as other companies."

About utilisation of the company's profit, he said, the profit will be reinvested to expand its activities and minimise costing.

In this connection, he mentioned Grameen's joint venture with a French company, Dannon.

"We, Grameen and Dannon, agreed not to take any divided or profit from the company. We may take away the capital, but we will remain its owners. Its profit will be reinvested and we'll expand the company across the country," said Muhammad Yunus, the founder of Grameen Bank.

He is also advocating for creating a separate social stock market and an MBA programme where only the shares of social businesses will be traded and business studies relating to social business will be taught.

As in the past, he lent his support to globalisation and said the rule of 'strongest takes it all' must be replaced with the rule that ensures that the poorest have a place and piece of action, without being elbowed out by the strong.

"Globalisation must not become financial imperialism. Powerful multinational social businesses can be created to retain the benefit of globalisation for the poor and the poor countries," Prof Yunus said.

About his micro-credit programme, he said its now being replicated in most countries of the world and "I want to go to those countries where my programme has not reached yet."

"At present, 80 percent households of the country are now under the micro-credit programme, I want to make it cent percent by 2010 and I'm sure I can do that," he said.