Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia

Waqf is a charitable institution that has long been practiced from the time. Prophet Muhammad(pbuh). In Malaysia, waqf has been used for several purposes like building of mosque, cemeteries and poverty alleviation. The use of cash waqf is gaining prominence due to its flexibility. However, the avail...

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Main Authors:	Abdul Razak, Dzuljastri, Mohamed Sofian, Nurul Hashimah, Mazlan, Nurul Huda
Format:	Conference or Workshop Item
Language:	English
Published:	2017
Subjects:	HG Finance HG178 Liquidity
Online Access:	http://irep.iium.edu.my/58184/ http://irep.iium.edu.my/58184/13/58184-edited.pdf

id	iium-58184
recordtype	eprints
spelling	iium-581842017-09-05T02:23:51Z http://irep.iium.edu.my/58184/ Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia Abdul Razak, Dzuljastri Mohamed Sofian, Nurul Hashimah Mazlan, Nurul Huda HG Finance HG178 Liquidity Waqf is a charitable institution that has long been practiced from the time. Prophet Muhammad(pbuh). In Malaysia, waqf has been used for several purposes like building of mosque, cemeteries and poverty alleviation. The use of cash waqf is gaining prominence due to its flexibility. However, the availability of cash waqf as a means for educational assistance is still newbut has been increasing important. This is because of the scarcity of government scholarships due for financial constraints. Another option is study financing from banks and PTPTN which incurred financial charges. The paper aims preliminarily to investigate factors that determine parents’ awareness on the use of cash waqf for cash assistance based on five variables namely religious satisfaction, background of parents, efficient management, promotion and surrounding community. In order to realise this, a self-administered questionnaire involving a sample of 152 respondents were distributed in the state of Selangor, Malaysia. Primary data was mainly employed and analysed using descriptive analysis of the demographic profile, explanatory factor analysis (EFA), reliability coefficient with Cronbach’s alpha measurement. The results revealed the good-of -fit indices are adequate using the fit indices criteria. Hence, it can be concluded that the five variables mentioned above are indeed factors that determine parents’ awareness on the use cash waqf for educational assistance. The finding of this study would be beneficial for academicians, parents and waqf organizations by shedding lights on the need to strengthen the management of cash waqf administration and increase its awareness as a viable alternative to scholarships and study financing. Keywords: Cash Waqf, Education Assistance, Higher Education, Selangor, Malaysia 2017 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/58184/13/58184-edited.pdf Abdul Razak, Dzuljastri and Mohamed Sofian, Nurul Hashimah and Mazlan, Nurul Huda (2017) Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia. In: 4th International Islamic Economics and Finance Congress 2017 (IEFC), 15th-16th July 2017, Istanbul, Turkey. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG178 Liquidity
spellingShingle	HG Finance HG178 Liquidity Abdul Razak, Dzuljastri Mohamed Sofian, Nurul Hashimah Mazlan, Nurul Huda Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia
description	Waqf is a charitable institution that has long been practiced from the time. Prophet Muhammad(pbuh). In Malaysia, waqf has been used for several purposes like building of mosque, cemeteries and poverty alleviation. The use of cash waqf is gaining prominence due to its flexibility. However, the availability of cash waqf as a means for educational assistance is still newbut has been increasing important. This is because of the scarcity of government scholarships due for financial constraints. Another option is study financing from banks and PTPTN which incurred financial charges. The paper aims preliminarily to investigate factors that determine parents’ awareness on the use of cash waqf for cash assistance based on five variables namely religious satisfaction, background of parents, efficient management, promotion and surrounding community. In order to realise this, a self-administered questionnaire involving a sample of 152 respondents were distributed in the state of Selangor, Malaysia. Primary data was mainly employed and analysed using descriptive analysis of the demographic profile, explanatory factor analysis (EFA), reliability coefficient with Cronbach’s alpha measurement. The results revealed the good-of -fit indices are adequate using the fit indices criteria. Hence, it can be concluded that the five variables mentioned above are indeed factors that determine parents’ awareness on the use cash waqf for educational assistance. The finding of this study would be beneficial for academicians, parents and waqf organizations by shedding lights on the need to strengthen the management of cash waqf administration and increase its awareness as a viable alternative to scholarships and study financing. Keywords: Cash Waqf, Education Assistance, Higher Education, Selangor, Malaysia
format	Conference or Workshop Item
author	Abdul Razak, Dzuljastri Mohamed Sofian, Nurul Hashimah Mazlan, Nurul Huda
author_facet	Abdul Razak, Dzuljastri Mohamed Sofian, Nurul Hashimah Mazlan, Nurul Huda
author_sort	Abdul Razak, Dzuljastri
title	Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia
title_short	Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia
title_full	Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia
title_fullStr	Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia
title_full_unstemmed	Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia
title_sort	factors that determine parents’ awareness on the use of cash waqf for educational assistance in malaysia
publishDate	2017
url	http://irep.iium.edu.my/58184/ http://irep.iium.edu.my/58184/13/58184-edited.pdf
first_indexed	2023-09-18T21:22:15Z
last_indexed	2023-09-18T21:22:15Z
_version_	1777411959550902272

Factors that determine parents’ awareness on the use of cash waqf for educational assistance in Malaysia

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