Waqf-based qardhul hassan financing preference in Malaysia: an exploratory study

H. Amin, M. K. Hassan, I. Shaikh
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Abstract

Purpose The purpose of this study is to examine donors’ or waqifs’ desire for waqf-based qardhul hassan financing in Malaysia using a maqasid method, where a pragmatic approach is used. Design/methodology/approach Using judgemental sampling, a total of 275 waqifs participated in this work to identify their preference in donating their money to the facility should it is introduced. Using the developed waqf-based qardhul hassan scale (WAQASCALE), this study examined the preference accordingly. Data were analysed using IBM SPSS 27. Findings The results obtained were as follows: the first factor considered by the waqifs in donating money was perceived household well-being, followed by perceived recipients’ welfare, perceived mankind benevolence and perceived Muslims’ community security. Research limitations/implications The authors developed construct items that had generalisability issues as they were at the infancy stage of development among social finance scientists along with the narrow geographical constraint where the actual survey was conducted. Practical implications The results were useful in giving new guidance to state governments and Islamic banks (IBs) in Malaysia to explore further this sort of facility for the improved well-being of those affected by COVID-19. Besides, sustainable development goals (SDGs), such as poverty, hunger and responsible consumption, among others can be addressed effectively for the mutual well-being of those affected by the health crisis in an effort of combating financial hardships in the meeting of basic needs, at least. The partnership between the state government and IBs could lead to the offered qardhul hassan financing-sourced funding from waqf for reduced financial hardships by needy and poor folks. Originality/value This study introduced a new WAQASCALE in the context of qardhul hassan financing in Malaysia.
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马来西亚基于waqf的qardhul hassan融资偏好:探索性研究
目的本研究的目的是使用maqasid方法,采用务实的方法,考察捐助者或waqifs对马来西亚基于waqf的qardhul-hassan融资的愿望。设计/方法/方法使用判断性抽样,共有275名waqif参与了这项工作,以确定他们在向设施捐款时的偏好。本研究使用基于waqf的qardhul-hassan量表(WAQASCALE),相应地检验了偏好。使用IBM SPSS 27.Findings对数据进行分析。结果如下:waqifs在捐款时考虑的第一个因素是感知的家庭幸福感,其次是感知的接受者福利、感知的人类仁慈和感知的穆斯林社区安全。研究局限性/含义作者开发了一些结构项目,这些项目在社会金融科学家中处于发展的初级阶段,并且在进行实际调查时受到狭窄的地理限制,因此存在普遍性问题。实际意义研究结果有助于为马来西亚的州政府和伊斯兰银行(IB)提供新的指导,以进一步探索此类设施,改善受新冠肺炎影响的人的福祉。此外,可持续发展目标(SDG),如贫困、饥饿和负责任的消费等,至少可以在满足基本需求的同时,为受健康危机影响的人的共同福祉而有效解决。州政府和IB之间的合作关系可能会导致从宗教基金会获得qardhul hassan融资,以减少贫困人口的经济困难。独创性/价值本研究在马来西亚qardhul-hassan融资的背景下引入了一种新的WAQASCALE。
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来源期刊
CiteScore
4.40
自引率
11.10%
发文量
67
期刊介绍: The International Journal of Ethics and Systems (formerly named Humanomics, the International Journal of Systems and Ethics) is a multidisciplinary journal publishing peer review research on issues of ethics and morality affecting socio-scientific systems in epistemological perspectives. The journal covers diverse areas of a socio-scientific nature. The focus is on disseminating the theory and practice of morality and ethics as a system-oriented study defined by inter-causality between critical variables of given problems.
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