Determinants of cash waqf giving in Malaysia: survey of selected works

Cash waqf means a movable waqf that has been established with liquid money or in other word waqf by using a cash or money. Cash waqf carries several advantages which give great benefit to all parties, including the financial institutions, investor and societies. Typically, waqf usually focused on th...

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Main Authors: Htay, Sheila Nu Nu, Mohamed, Mustafa Omar, Osman, Amirul Faiz
Format: Proceeding Paper
Language:English
English
Published: 2012
Subjects:
Online Access:http://irep.iium.edu.my/28284/
http://irep.iium.edu.my/28284/1/DETERMINANTS_OF_CASH_WAQF_GIVING_IN_MALAYSIA.pdf
http://irep.iium.edu.my/28284/4/10.Determinants_of_Cash_Waqf_Giving_in_Malaysia_Survey_of_Selected_Works_Conference.pdf
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author Htay, Sheila Nu Nu
Mohamed, Mustafa Omar
Osman, Amirul Faiz
author_facet Htay, Sheila Nu Nu
Mohamed, Mustafa Omar
Osman, Amirul Faiz
author_sort Htay, Sheila Nu Nu
building IIUM Repository
collection Online Access
description Cash waqf means a movable waqf that has been established with liquid money or in other word waqf by using a cash or money. Cash waqf carries several advantages which give great benefit to all parties, including the financial institutions, investor and societies. Typically, waqf usually focused on the land or building, but not many people or the donors have the asset to do waqf and therefore, cash waqf has come as a great alternative for individual who do not have an immovable asset but rather have movable assets i.e cash for donating. Thus, everyone can do a charity in form of cash waqf as long as they want to do it voluntary only for the sake of Allah s.w.t blessing. However, awareness and understanding of public about cash waqf is still low. The amount of cash waqf collected still at infancy level and do not generate sufficient funds of scale to carry out program with impact as compared with Singapore that has shown significant amount of collection though ruled by a secular government. By population, Malaysia is leading in term of number of population where the Muslim people consist of 61.3% from the 28.3 billions of population at 2010. Selangor state is the largest populations by 5.43 millions. Therefore, motivation of the public towards the contribution of cash waqf is something interesting to look at. Several potential determinants have been identified. There are i) religious satisfaction ii) literacy of waqf iii) trustworthiness iv) demographic factor v) efficient management and vi) tax incentive. The preliminary study is considered important to develop a clear understanding with regard to further development of cash waqf particularly in Malaysia.
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institution International Islamic University Malaysia
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language English
English
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publishDate 2012
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spelling iium-282842013-07-25T02:34:51Z http://irep.iium.edu.my/28284/ Determinants of cash waqf giving in Malaysia: survey of selected works Htay, Sheila Nu Nu Mohamed, Mustafa Omar Osman, Amirul Faiz HG1501 Banking Cash waqf means a movable waqf that has been established with liquid money or in other word waqf by using a cash or money. Cash waqf carries several advantages which give great benefit to all parties, including the financial institutions, investor and societies. Typically, waqf usually focused on the land or building, but not many people or the donors have the asset to do waqf and therefore, cash waqf has come as a great alternative for individual who do not have an immovable asset but rather have movable assets i.e cash for donating. Thus, everyone can do a charity in form of cash waqf as long as they want to do it voluntary only for the sake of Allah s.w.t blessing. However, awareness and understanding of public about cash waqf is still low. The amount of cash waqf collected still at infancy level and do not generate sufficient funds of scale to carry out program with impact as compared with Singapore that has shown significant amount of collection though ruled by a secular government. By population, Malaysia is leading in term of number of population where the Muslim people consist of 61.3% from the 28.3 billions of population at 2010. Selangor state is the largest populations by 5.43 millions. Therefore, motivation of the public towards the contribution of cash waqf is something interesting to look at. Several potential determinants have been identified. There are i) religious satisfaction ii) literacy of waqf iii) trustworthiness iv) demographic factor v) efficient management and vi) tax incentive. The preliminary study is considered important to develop a clear understanding with regard to further development of cash waqf particularly in Malaysia. 2012 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/28284/1/DETERMINANTS_OF_CASH_WAQF_GIVING_IN_MALAYSIA.pdf application/pdf en http://irep.iium.edu.my/28284/4/10.Determinants_of_Cash_Waqf_Giving_in_Malaysia_Survey_of_Selected_Works_Conference.pdf Htay, Sheila Nu Nu and Mohamed, Mustafa Omar and Osman, Amirul Faiz (2012) Determinants of cash waqf giving in Malaysia: survey of selected works. In: Workshop Antarbangsa Pembangunan Berteraskan Islam V (WAPI-5), 10 Apr 2012, Medan, Indonesia. (Unpublished)
spellingShingle HG1501 Banking
Htay, Sheila Nu Nu
Mohamed, Mustafa Omar
Osman, Amirul Faiz
Determinants of cash waqf giving in Malaysia: survey of selected works
title Determinants of cash waqf giving in Malaysia: survey of selected works
title_full Determinants of cash waqf giving in Malaysia: survey of selected works
title_fullStr Determinants of cash waqf giving in Malaysia: survey of selected works
title_full_unstemmed Determinants of cash waqf giving in Malaysia: survey of selected works
title_short Determinants of cash waqf giving in Malaysia: survey of selected works
title_sort determinants of cash waqf giving in malaysia: survey of selected works
topic HG1501 Banking
url http://irep.iium.edu.my/28284/
http://irep.iium.edu.my/28284/1/DETERMINANTS_OF_CASH_WAQF_GIVING_IN_MALAYSIA.pdf
http://irep.iium.edu.my/28284/4/10.Determinants_of_Cash_Waqf_Giving_in_Malaysia_Survey_of_Selected_Works_Conference.pdf