M. Kamaruddin, Zurina Shafii, M. Hanefah, Supiah Salleh, N. Zakaria
This study aims to examine the current issues and challenges in implementing Shariah audit practices in several Shariah-based sectors in Malaysia, namely, Islamic financial sector, Islamic Capital Market (ICM), Islamic cooperative, public Shariah-based and Public Trust Entity (PTE). Furthermore, based on the findings, several future strategies are proposed to enhance Shariah audit practices. In this study, a series of Focus Group Discussions (FGD) was employed, and 124 participants from 76 Shariah-based institutions were involved through five FGD sessions. This study discovered that each Shariah-based sector has different issues and challenges in implementing Shariah audit practices due to the current Shariah governance and assurance practices in respective sectors. Thus, three main strategies were proposed that can be used to bring Shariah audit practices to another level for these Shariah-based sectors. This includes nurturing Shariah governance and assurance, developing specific Shariah audit scopes based on the uniqueness of each Shariah-based sector, and enhancing the professionalisation of Shariah auditors. Note that this study is considered a pioneering study in identifying the issues and challenges in implementing Shariah audit practices in various Shariah-based sectors. It also contributes by proposing the main strategies to enhance Shariah audit practices as a next step in the future.
{"title":"Issues and Challenges in Shariah Audit Practices in Malaysian Shariah-Based Sectors","authors":"M. Kamaruddin, Zurina Shafii, M. Hanefah, Supiah Salleh, N. Zakaria","doi":"10.33102/jmifr.564","DOIUrl":"https://doi.org/10.33102/jmifr.564","url":null,"abstract":"This study aims to examine the current issues and challenges in implementing Shariah audit practices in several Shariah-based sectors in Malaysia, namely, Islamic financial sector, Islamic Capital Market (ICM), Islamic cooperative, public Shariah-based and Public Trust Entity (PTE). Furthermore, based on the findings, several future strategies are proposed to enhance Shariah audit practices. In this study, a series of Focus Group Discussions (FGD) was employed, and 124 participants from 76 Shariah-based institutions were involved through five FGD sessions. This study discovered that each Shariah-based sector has different issues and challenges in implementing Shariah audit practices due to the current Shariah governance and assurance practices in respective sectors. Thus, three main strategies were proposed that can be used to bring Shariah audit practices to another level for these Shariah-based sectors. This includes nurturing Shariah governance and assurance, developing specific Shariah audit scopes based on the uniqueness of each Shariah-based sector, and enhancing the professionalisation of Shariah auditors. Note that this study is considered a pioneering study in identifying the issues and challenges in implementing Shariah audit practices in various Shariah-based sectors. It also contributes by proposing the main strategies to enhance Shariah audit practices as a next step in the future.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141390271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Hajj Fund Management Agency (Badan Pengelola Keuangan Haji [BPKH]) is an institution responsible for managing Hajj funds in Indonesia. Through the investment mechanism, the BPKH’s benefit value can reduce the burden of prospective pilgrims in covering the cost of organizing the Hajj pilgrimage (Biaya Penyelanggaran Ibadah Haji [BPIH]). This study examined the combination of optimal portfolio construction in two situations, namely, without using regulatory restrictions and with government regulatory restrictions. The results of a linear programming approach with the Markowitz method revealed that investment allocation without regulatory restrictions forms an optimal portfolio to maximize Sharpe with a moderate scenario. Likewise, investment allocation based on regulations forms a portfolio with the same goal, namely maximizing the Sharpe ratio. This is in accordance with BPKH’s investment characteristics, which consider acceptable levels of return and risk, as well as BPKH’s risk profile, namely low to moderate. This research is expected to be useful for BPKH, especially in compiling investment portfolios to produce the optimal value of benefits and create sustainability in Hajj finance.
朝觐基金管理机构（Badan Pengelola Keuangan Haji [BPKH]）是负责管理印度尼西亚朝觐基金的机构。通过投资机制，印尼朝觐基金管理机构的收益价值可以减轻未来朝觐者在支付朝觐组织费用（Biaya Penyelanggaran Ibadah Haji [BPIH]）方面的负担。本研究考察了两种情况下的最优投资组合构建组合，即不使用监管限制和使用政府监管限制。采用马科维茨方法的线性规划方法的结果表明，在不使用监管限制的情况下，投资分配形成了一个最佳投资组合，在中等情况下实现了夏普最大化。同样，基于监管的投资配置也形成了具有相同目标的投资组合，即夏普比率最大化。这符合 BPKH 的投资特点，即考虑可接受的收益和风险水平，以及 BPKH 的风险状况，即中低风险。这项研究预计将对 BPKH 有所帮助，特别是在编制投资组合以产生最佳效益价值和创造朝觐融资的可持续性方面。
{"title":"The Best Investment Scenario for Hajj Fund Management in Indonesia","authors":"Dina Fitrisia Septiarini, Imron Mawardi, Nisful Laila, Indra Gunawan, Jihan Irbah Nadiah","doi":"10.33102/jmifr.552","DOIUrl":"https://doi.org/10.33102/jmifr.552","url":null,"abstract":"The Hajj Fund Management Agency (Badan Pengelola Keuangan Haji [BPKH]) is an institution responsible for managing Hajj funds in Indonesia. Through the investment mechanism, the BPKH’s benefit value can reduce the burden of prospective pilgrims in covering the cost of organizing the Hajj pilgrimage (Biaya Penyelanggaran Ibadah Haji [BPIH]). This study examined the combination of optimal portfolio construction in two situations, namely, without using regulatory restrictions and with government regulatory restrictions. The results of a linear programming approach with the Markowitz method revealed that investment allocation without regulatory restrictions forms an optimal portfolio to maximize Sharpe with a moderate scenario. Likewise, investment allocation based on regulations forms a portfolio with the same goal, namely maximizing the Sharpe ratio. This is in accordance with BPKH’s investment characteristics, which consider acceptable levels of return and risk, as well as BPKH’s risk profile, namely low to moderate. This research is expected to be useful for BPKH, especially in compiling investment portfolios to produce the optimal value of benefits and create sustainability in Hajj finance.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141401834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Islamic financial industry has experienced an exponential transformation that has contributed greatly to the national economic growth. Malaysian Islamic finance is considered one of the most comprehensive Islamic financial systems in the world. Bank Negara Malaysia (BNM) has introduced a new concept of Value-Based Intermediation (VBI). This banking practice focuses on profit and supports social values for a sustainable economy, community, and environment. This study discusses the involvement of Bank Muamalat Malaysia Berhad in waqf development, focusing on business activities in line with VBI. This qualitative study applied document analysis and semi-structured interviews and found that Bank Muamalat Malaysia Berhad is an Islamic banking institution that bases its existence on commercial profits and is able to implement activities related to waqf development, such as cash waqf collection and waqf project financing consistent with VBI.
{"title":"The Application of Value-Based Intermediation Through Waqf in Islamic Banking","authors":"Mohd Izuwan Mahyudin, Asmak Ab Rahman","doi":"10.33102/jmifr.532","DOIUrl":"https://doi.org/10.33102/jmifr.532","url":null,"abstract":"The Islamic financial industry has experienced an exponential transformation that has contributed greatly to the national economic growth. Malaysian Islamic finance is considered one of the most comprehensive Islamic financial systems in the world. Bank Negara Malaysia (BNM) has introduced a new concept of Value-Based Intermediation (VBI). This banking practice focuses on profit and supports social values for a sustainable economy, community, and environment. This study discusses the involvement of Bank Muamalat Malaysia Berhad in waqf development, focusing on business activities in line with VBI. This qualitative study applied document analysis and semi-structured interviews and found that Bank Muamalat Malaysia Berhad is an Islamic banking institution that bases its existence on commercial profits and is able to implement activities related to waqf development, such as cash waqf collection and waqf project financing consistent with VBI.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141391785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tijjani Muhammad, Fahd Al-shaghdari, Shariff Muhammad Ibrahim
Islamic social finance is one of the sources of fund in the Islamic economic system. It refers to voluntary philanthropic activities that have a unique presence in Islam. Islamic law is the first to define and regulate Zakat and Waqfs as civil society institutions. Currently, microcredit and microfinance programs are unsuccessful in reducing poverty and income inequality in Northern Nigeria. Islamic social finance institutions are promoting programs such as offering free education, scholarships, free medical care, and orphanage activities around the globe. However, in Nigeria, such Islamic social finance is currently growing slowly. This paper investigates people's perception of reducing poverty and promoting sustainable economic development in Northern Nigeria. The study employed random sampling using Structural Equation Modeling for the analysis. Findings indicate the relationship between Waqf and sustainable economic development and Zakat and sustainable economic development as a direct effect. The findings indicated that Waqf and Zakat significantly reduce poverty, and Poverty reduction promotes and enhances sustainable economic development in Northern Nigeria. The study further suggests and recommends that the Northern states, where the majority of the citizen are Muslim, deserve serious consideration for developing Zakat and Waqf institutions in the region to assist in reducing the vulnerable group in society.
{"title":"The Islamic Social Finance In Addressing Poverty Reduction And Economic Growth: Using Structural Equation Modeling","authors":"Tijjani Muhammad, Fahd Al-shaghdari, Shariff Muhammad Ibrahim","doi":"10.33102/jmifr.529","DOIUrl":"https://doi.org/10.33102/jmifr.529","url":null,"abstract":"Islamic social finance is one of the sources of fund in the Islamic economic system. It refers to voluntary philanthropic activities that have a unique presence in Islam. Islamic law is the first to define and regulate Zakat and Waqfs as civil society institutions. Currently, microcredit and microfinance programs are unsuccessful in reducing poverty and income inequality in Northern Nigeria. Islamic social finance institutions are promoting programs such as offering free education, scholarships, free medical care, and orphanage activities around the globe. However, in Nigeria, such Islamic social finance is currently growing slowly. This paper investigates people's perception of reducing poverty and promoting sustainable economic development in Northern Nigeria. The study employed random sampling using Structural Equation Modeling for the analysis. Findings indicate the relationship between Waqf and sustainable economic development and Zakat and sustainable economic development as a direct effect. The findings indicated that Waqf and Zakat significantly reduce poverty, and Poverty reduction promotes and enhances sustainable economic development in Northern Nigeria. The study further suggests and recommends that the Northern states, where the majority of the citizen are Muslim, deserve serious consideration for developing Zakat and Waqf institutions in the region to assist in reducing the vulnerable group in society.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139195432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nur I’ffah, Muhammad Nasir, Rusni Hassan, Ahmad Zamri Osman
This paper attempts to provide an overview of the consumer awareness of takaful by introducing categories that exist in the spectrum of consumer awareness. This is important to ensure the efforts taken in promoting consumer awareness of takaful are delivered in a comprehensive and effective manner. It also addresses the role of takaful operators related to promoting consumer awareness of takaful. The study adopts qualitative-based research. Primary data is gathered using semi-structured interviews and content analysis is undertaken to identify and interpret the data obtained from the interviews in developing the categories of consumer awareness. It has been discovered that the spectrum of consumer awareness of takaful can be categorized into four different categories which are awareness in terms of (1) importance of takaful coverage, (2) takaful product features, (3) takaful as a Shariah- compliant alternative to conventional insurance and (4) consumer’s rights and responsibilities to the takaful contract. The study also finds that the takaful operators in the industry need to collaborate and work as a whole in the effort to promote consumer awareness of takaful. This study appears as a primordial attempt to discuss and identify the categories that exist in the spectrum of consumer awareness with reference to the takaful industry in Malaysia; while other studies related to consumer awareness of takaful are more focused on examining the level of knowledge and awareness of consumers in takaful. This study has the potential to be applied in other sectors of Islamic finance such as Islamic banking and Islamic capital market.
{"title":"Spectrum Of Consumer Awareness In Islamic Finance: Takaful Industry In Malaysia","authors":"Nur I’ffah, Muhammad Nasir, Rusni Hassan, Ahmad Zamri Osman","doi":"10.33102/jmifr.513","DOIUrl":"https://doi.org/10.33102/jmifr.513","url":null,"abstract":"This paper attempts to provide an overview of the consumer awareness of takaful by introducing categories that exist in the spectrum of consumer awareness. This is important to ensure the efforts taken in promoting consumer awareness of takaful are delivered in a comprehensive and effective manner. It also addresses the role of takaful operators related to promoting consumer awareness of takaful. The study adopts qualitative-based research. Primary data is gathered using semi-structured interviews and content analysis is undertaken to identify and interpret the data obtained from the interviews in developing the categories of consumer awareness. It has been discovered that the spectrum of consumer awareness of takaful can be categorized into four different categories which are awareness in terms of (1) importance of takaful coverage, (2) takaful product features, (3) takaful as a Shariah- compliant alternative to conventional insurance and (4) consumer’s rights and responsibilities to the takaful contract. The study also finds that the takaful operators in the industry need to collaborate and work as a whole in the effort to promote consumer awareness of takaful. This study appears as a primordial attempt to discuss and identify the categories that exist in the spectrum of consumer awareness with reference to the takaful industry in Malaysia; while other studies related to consumer awareness of takaful are more focused on examining the level of knowledge and awareness of consumers in takaful. This study has the potential to be applied in other sectors of Islamic finance such as Islamic banking and Islamic capital market.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139188320","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Corporate social responsibility (CSR) is a comprehensive approach of the company that determines the amount of the organisation's contribution to society and the use of its available resources in a responsible manner. Previous statistics have shown that the contributions of Palestinian companies towards social issues are still limited, and corporate social responsibility disclosure (CSRD) is at a low level. This paper aims to examine the level of CSRD of Palestinian companies and to examine the relationship of board of directors’ (BOD) independence on CSRD. The study employs OLS linear regression analysis to analysis of data using a sample of 31 companies listed on the Palestine Stock Exchange (PSE) during the period from 2012 to 2021. The theoretical framework of agency theory will be adopted to comprehend the relationship between the variables under investigation. The findings reveal that the level of CSR disclosure in Palestinian companies included in the sample of study is 29.5%.The results of the study also, indicated that the positive and significant relationship between BOD independence and CSRD.
{"title":"The Impact of Board of Directors' Independence on Corporate Social Responsibility Disclosure in Palestinian Companies","authors":"Omar Tarda, Hasnah Haron, N. Ramli, Supiah Salleh","doi":"10.33102/jmifr.551","DOIUrl":"https://doi.org/10.33102/jmifr.551","url":null,"abstract":"Corporate social responsibility (CSR) is a comprehensive approach of the company that determines the amount of the organisation's contribution to society and the use of its available resources in a responsible manner. Previous statistics have shown that the contributions of Palestinian companies towards social issues are still limited, and corporate social responsibility disclosure (CSRD) is at a low level. This paper aims to examine the level of CSRD of Palestinian companies and to examine the relationship of board of directors’ (BOD) independence on CSRD. The study employs OLS linear regression analysis to analysis of data using a sample of 31 companies listed on the Palestine Stock Exchange (PSE) during the period from 2012 to 2021. The theoretical framework of agency theory will be adopted to comprehend the relationship between the variables under investigation. The findings reveal that the level of CSR disclosure in Palestinian companies included in the sample of study is 29.5%.The results of the study also, indicated that the positive and significant relationship between BOD independence and CSRD.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139195983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abi Huraira Rifas, Hayathu Mohamed, Ahamed Hilmy, I. Saujan
Poverty is one of the most hotly debated subjects in international development. It is also discussed in all economic development and governmental policymaking. Every country in the world adopts poverty alleviation strategies since poverty has been negatively impacting on economic growth. Despite this global trend, Sri Lanka has its own unique strategies that set it apart. The Samurdhi is one of the key schemes to reduce poverty in society regardless of faith or ethnicity in Sri Lanka. Notably, Muslims in Sri Lanka get benefits from Samurdhi and Zakāt programmes which play a major role in poverty reduction especially among Muslim community. on this background, this study aims to analyse the performance of both Zakāt and Samurdhi schemes in poverty alleviation among the Muslim community in the study area. This study is based on qualitative research paradigm and employs both primary and secondary data. Primary data were collected through the unstructured interviews, conducted with the coordinators, animators, and beneficiaries of both programs. All interview scripts were analysed using the Thematic Content Analysis (TCA) method. The study concluded with the argument that both schemes (Samurdhi and Zakāt) immensely contributed to poverty alleviation in the study area, especially among the Muslim community. However, Samurdhi scheme is more effective than the zakat programme during the study period (2019-2022) as Samurdhi scheme was implemented with the support of the government and annually government is allocating fund separately. Apart from this, no government funds were allocated for the proper implementation of the zakat programme via the Zakāt foundations. It is noteworthy that Zakāt system has been functioning by the donations from wealthy Muslims. Meanwhile, Zakāt scheme was effectively implemented in certain areas of Akkaraipattu. However, comparatively Zakāt scheme was not implemented effectively among beneficiaries in the whole study area.
{"title":"Assessing The Performance Of Zakat And Samurdhi Scheme In Alleviating Poverty Among The Muslim Community In Sri Lanka","authors":"Abi Huraira Rifas, Hayathu Mohamed, Ahamed Hilmy, I. Saujan","doi":"10.33102/jmifr.508","DOIUrl":"https://doi.org/10.33102/jmifr.508","url":null,"abstract":"Poverty is one of the most hotly debated subjects in international development. It is also discussed in all economic development and governmental policymaking. Every country in the world adopts poverty alleviation strategies since poverty has been negatively impacting on economic growth. Despite this global trend, Sri Lanka has its own unique strategies that set it apart. The Samurdhi is one of the key schemes to reduce poverty in society regardless of faith or ethnicity in Sri Lanka. Notably, Muslims in Sri Lanka get benefits from Samurdhi and Zakāt programmes which play a major role in poverty reduction especially among Muslim community. on this background, this study aims to analyse the performance of both Zakāt and Samurdhi schemes in poverty alleviation among the Muslim community in the study area. This study is based on qualitative research paradigm and employs both primary and secondary data. Primary data were collected through the unstructured interviews, conducted with the coordinators, animators, and beneficiaries of both programs. All interview scripts were analysed using the Thematic Content Analysis (TCA) method. The study concluded with the argument that both schemes (Samurdhi and Zakāt) immensely contributed to poverty alleviation in the study area, especially among the Muslim community. However, Samurdhi scheme is more effective than the zakat programme during the study period (2019-2022) as Samurdhi scheme was implemented with the support of the government and annually government is allocating fund separately. Apart from this, no government funds were allocated for the proper implementation of the zakat programme via the Zakāt foundations. It is noteworthy that Zakāt system has been functioning by the donations from wealthy Muslims. Meanwhile, Zakāt scheme was effectively implemented in certain areas of Akkaraipattu. However, comparatively Zakāt scheme was not implemented effectively among beneficiaries in the whole study area.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139255852","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mohamad Isa Abd Jalil, Ahmad Aizuddin Hamzah, Joehan Joehari William, I. Shaikh, Md Hafizi Ahsan
The Muslim population in Malaysia has long followed the practise of paying monetary waqf to mosques. However, no prior research has revealed the characteristics that drive donors to provide cash waqf. As a result, the purpose of this research is to investigate the factors that motivate Muslims in Selangor to pay monetary waqf to mosques. This study is a deductive quantitative survey research in which the conceptual model was developed based on theory and empirical findings. To evaluate data for the research utilising structural equation modelling, 200 sample questionnaires were collected and analysed using AMOS, or Analysis of Moment Structure (SEM). This study discovered that the characteristics attitude, subjective norm, and religion greatly influence the intention of Muslims in Selangor, Malaysia to pay waqf cash to mosques as a result of data analysis. This study should have a theoretical impact by empirically contributing reference information to the body of knowledge in the field of waqf.
{"title":"Exploring Motivational Factors For Muslims' Cash Waqf Participation","authors":"Mohamad Isa Abd Jalil, Ahmad Aizuddin Hamzah, Joehan Joehari William, I. Shaikh, Md Hafizi Ahsan","doi":"10.33102/jmifr.506","DOIUrl":"https://doi.org/10.33102/jmifr.506","url":null,"abstract":"The Muslim population in Malaysia has long followed the practise of paying monetary waqf to mosques. However, no prior research has revealed the characteristics that drive donors to provide cash waqf. As a result, the purpose of this research is to investigate the factors that motivate Muslims in Selangor to pay monetary waqf to mosques. This study is a deductive quantitative survey research in which the conceptual model was developed based on theory and empirical findings. To evaluate data for the research utilising structural equation modelling, 200 sample questionnaires were collected and analysed using AMOS, or Analysis of Moment Structure (SEM). This study discovered that the characteristics attitude, subjective norm, and religion greatly influence the intention of Muslims in Selangor, Malaysia to pay waqf cash to mosques as a result of data analysis. This study should have a theoretical impact by empirically contributing reference information to the body of knowledge in the field of waqf.","PeriodicalId":504844,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139259017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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