Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia

In the modern era, the waqf concept has become more sophisticated and comprehensive and through it, many financial products and social programs have been developed, for instance, cash waqf and some security papers such as Shares-Waqf, Sukuk-Waqf, etc. Therefore, cash waqf can also be used in microen...

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Main Authors:	Abdul Razak, Dzuljastri, Mohamed Zakaria, Fodol, Ahmed Abdillahi, Jama, Ali Ahmad, Burhan
Format:	Article
Language:	English
Published:	DergiPark Akademik 2019
Subjects:	HG Finance HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/78340/ http://irep.iium.edu.my/78340/ http://irep.iium.edu.my/78340/ http://irep.iium.edu.my/78340/1/78340_Factors%20that%20determine%20donors%20intention.pdf

id	iium-78340
recordtype	eprints
spelling	iium-783402020-02-13T08:55:16Z http://irep.iium.edu.my/78340/ Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia Abdul Razak, Dzuljastri Mohamed Zakaria, Fodol Ahmed Abdillahi, Jama Ali Ahmad, Burhan HG Finance HG3368 Islamic Banking and Finance In the modern era, the waqf concept has become more sophisticated and comprehensive and through it, many financial products and social programs have been developed, for instance, cash waqf and some security papers such as Shares-Waqf, Sukuk-Waqf, etc. Therefore, cash waqf can also be used in microenterprises to efficiently channel funds (interest free-funds) to microenterprises to alleviate poverty and decrease unemployment. Recently, several products for cash waqf in microenterprises have been established, but they could not reach their targets since they need a significant contribution from Muslims in the society. Thus, lacuna exists to assess the intention of donners towards cash waqf for microenterprises empirically. Therefore, this paper aims to determine the factors influencing the intention to endow cash waqf for microenterprises based on four variables namely, the concept of cash waqf, trust, religiosity motivation, and social culture. The survey method was carried out on 200 respondents in Kuala Lumpur, Malaysia. Factor analysis and multiple regression were used to estimate the relationship between variables. The results indicated that the concept of cash waqf, trust, and social culture have a significant relationship with the intention to endow CWME. Hence, practitioners can emphasize on the three factors in their marketing efforts to promote CWME. Academicians may also benefit by conducting more research in this area of knowledge. DergiPark Akademik 2019-12-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/78340/1/78340_Factors%20that%20determine%20donors%20intention.pdf Abdul Razak, Dzuljastri and Mohamed Zakaria, Fodol and Ahmed Abdillahi, Jama and Ali Ahmad, Burhan (2019) Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia. Adam Akademi Sosyal Bilimler Dergisi, 9 (2). pp. 449-470. ISSN 2146-4936 https://dergipark.org.tr/en/download/article-file/931330 https://doi.org/10.31679/adamakademi.521253
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG3368 Islamic Banking and Finance
spellingShingle	HG Finance HG3368 Islamic Banking and Finance Abdul Razak, Dzuljastri Mohamed Zakaria, Fodol Ahmed Abdillahi, Jama Ali Ahmad, Burhan Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia
description	In the modern era, the waqf concept has become more sophisticated and comprehensive and through it, many financial products and social programs have been developed, for instance, cash waqf and some security papers such as Shares-Waqf, Sukuk-Waqf, etc. Therefore, cash waqf can also be used in microenterprises to efficiently channel funds (interest free-funds) to microenterprises to alleviate poverty and decrease unemployment. Recently, several products for cash waqf in microenterprises have been established, but they could not reach their targets since they need a significant contribution from Muslims in the society. Thus, lacuna exists to assess the intention of donners towards cash waqf for microenterprises empirically. Therefore, this paper aims to determine the factors influencing the intention to endow cash waqf for microenterprises based on four variables namely, the concept of cash waqf, trust, religiosity motivation, and social culture. The survey method was carried out on 200 respondents in Kuala Lumpur, Malaysia. Factor analysis and multiple regression were used to estimate the relationship between variables. The results indicated that the concept of cash waqf, trust, and social culture have a significant relationship with the intention to endow CWME. Hence, practitioners can emphasize on the three factors in their marketing efforts to promote CWME. Academicians may also benefit by conducting more research in this area of knowledge.
format	Article
author	Abdul Razak, Dzuljastri Mohamed Zakaria, Fodol Ahmed Abdillahi, Jama Ali Ahmad, Burhan
author_facet	Abdul Razak, Dzuljastri Mohamed Zakaria, Fodol Ahmed Abdillahi, Jama Ali Ahmad, Burhan
author_sort	Abdul Razak, Dzuljastri
title	Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia
title_short	Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia
title_full	Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia
title_fullStr	Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia
title_full_unstemmed	Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia
title_sort	factors that determine donors intention to endow cash waqf for microenterprises in malaysia
publisher	DergiPark Akademik
publishDate	2019
url	http://irep.iium.edu.my/78340/ http://irep.iium.edu.my/78340/ http://irep.iium.edu.my/78340/ http://irep.iium.edu.my/78340/1/78340_Factors%20that%20determine%20donors%20intention.pdf
first_indexed	2023-09-18T21:50:23Z
last_indexed	2023-09-18T21:50:23Z
_version_	1777413729913143296

Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia

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