Publication: Factors Influencing Repeat Cash Waqf Contribution For Islamic Philanthropy
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Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Teknologi MARA
Abstract
Cash waqfis an Islamic tool in the Islamic Economic System. Cash
waqf inculcates the culture of giving through Islamic philanthropy.
Cash waqf must be used as a socio-economic development mechanism
to create and develop a third sector that is not profit-motivated
and distinct from private and public sectors. Awareness of cash
waqf contributionand the obligation to donate are crucial among
Malaysians. Waqf institutions have seriously promoted waqf financing
instruments to enhance awareness and participation in society.
However, awareness toward cash waqf in Malaysia lags behind that
in Indonesia and Middle Eastern countries. This study examines the
internal determinants of donors’ (waqif) intention to participate in
giving cash waqf among Muslims in Malaysia. This study is conducted
using a quantitative approach based on constructed questionnaires
to identify patterns of factors that influence cash waqf contribution.
Structural equation modelling technique is applied in the analysis. Findings
show several internal factors, such as religious obligation, benevolence,
familiarity with waqf institutions, and access to cash waqf, that have strong
relationship with donors’ intention to repeat contribution of cash waqf in
the future. Waqf institutions should encourage people to donate cash waqf
in Malaysia. However, most of the respondents do not trust waqf institution.
Trust is a significant internal factor in the intention to repeat contribution of
cash waqf. Thus, waqf institutions should build good reputation and integrity
to attract big contributors among Muslims in Malaysia and increase the
level of intention among donors (waqif). Waqf institutions should consider
these factors in planning their strategies to ensure adequate waqf funds
that could accommodate further development for the benefit of th eummah.
Keywords: internal factors, cash waqf, Islamic social finance, repeat cash
waqf contribution, structural equation modelling (SEM)
Description
Management & Accounting Review (MAR), [S.l.], v. 14, n. 2, p. 55-78, dec. 2015
Keywords
internal factors,, cash waqf,, Islamic social finance,, repeat cash waqf contribution,, Structural Equation Modelling (SEM)