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

Abdul Razak, Dzuljastri and Fodol, Mohamed Zakaria and AIi, Ahmad Burhan and Ahmed, Abdilahi Jama (2018) Factors that determine donors intention to endow cash waqf for microenterprises in Malaysia. In: 1st International Waqf Institution Symposium 2018, 14th-15th July 2018, Istanbul. (Unpublished)

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Abstract

In the modern era Waqf concept has become more sophisticated and comprehensive and through it, many financial products and social programs were developed, for instance, Cash waqf and some securities paper 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 the unemployment. Recently, several products for Cash waqf in microenterprises have been established, but they could not reach their targets, 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, the paper aims to determine factors influencing intention to endow Cash waqf for Microenterprises based on four variables namely, concept of Cash waqf, trust, religiosity motivation, and social culture. The method was carried out the by survey of 200 respondents in Kuala Lumpur, Malaysia. Factor analysis, multiple regression, was used to estimate the relationship between variables. The result indicated that 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. The academicians may benefit by conducting more research in this elegance frame of knowledge.

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	4433/65905
Uncontrolled Keywords:	Cash waqf, Microenterprises, Trust, Religiosity Motivation, Social Culture, Malaysia Cash waqf, Microenterprises, Trust, Religiosity Motivation, Social Culture
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics H Social Sciences > HB Economic Theory > HB126.4 Islamic Economics H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	27 Sep 2018 10:49
Last Modified:	27 Sep 2018 10:49
URI:	http://irep.iium.edu.my/id/eprint/65909

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