Despite the potential governmental agenda towards cash waqf, this area has been givessn limited attention in academic literature with special regards to the supply side. Therefore, this study aims to investigate the factors influencing the public intention in endowing cash waqf by utilizing an extended theory of planned behaviors (TPB); in which religiosity, knowledge, and trust variables are added. Primary data from 685 respondents in Indonesia are analyzed using structural equation modeling (SEM). The result showed that the intention to endow cash waqf is positively affected by all of the TPB variables (attitude, subjective norms, and perceived behavioral control) and other extended variables. The findings suggest an optimization in waqf fund collection and waqf fund management. For waqf collection, it is important to improve public literacy and the quality and quantity of supporting facilities and systems. Meanwhile, institutional management should be strengthened for waqf management.
Pension fund is a financial sector that provides a range of benefits, not only to the participants but also to the country's economy. This applies to both conventional and Islamic pension funds. In Indonesia, although Islamic pension fund has not grown as fast as other Islamic financial sectors, many believe that the majority of Indonesian people actually interested in participating in Islamic pension plan. Therefore, the main purpose of the study is to explore and determine the preference/demand for Islamic pension funds in Indonesia. With this perspective, a survey was conducted in six major cities in Indonesia: Jakarta, Bandung, Surabaya, Makassar, Medan and Balikpapan, and involved 200 respondents. Halal purchase intention framework and exploratory factor analysis are employed to analyze the primary data obtained. Based on the findings, more than 70% of the respondents are interested to have an Islamic pension plan. Thus, demand for Islamic pension fund is relatively high in Indonesia. Further analysis also suggests that marketing and religiosity are the main determinants for purchasing or joining the Islamic pension plan schemes. Authorities and market players should therefore consider these factors in their strategy to accelerate demand and development of Islamic Pension Funds in the country.
Despite the rapid development of Islamic financial sectors in Indonesia, development of Islamic pension fund is way behind those of the other Islamic financial sectors. This study, hence, aimed to explore opportunities and challenges faced of the Indonesia Islamic pension fund. Utilizing qualitative research methods, the study conducted FGDs with 23 large pension funds spread in five big cities of Indonesia. It is revealed that opportunities and prospects for developing the Islamic fund is relatively good. However, various internal and external challenges are found, such as lack of knowledge, weak commitment of founder, lack of quality human resources, relatively unfavorable tax treatment, limited investment instruments, competition with government pension scheme and public literacy problems. Therefore, two broad strategies are recommended to develop the Islamic funds, namely provision of direct/indirect incentives to market players and literacy programs to targeted/priority groups. The strategies are expected to encourage and accelerate the growth of Indonesia's Islamic pension fund industry in the future.
This study aimed to determine the influence of Islamic work value which has been validated, as a mediator between the variable individual characteristics on job satisfaction and organization commitment of the employees in halal tourism in DKI Jakarta as the capital of the Republic of Indonesia. This research uses quantitative approach with the SEM methods which place respondents from the employees in halal tourism in province of DKI Jakarta in the halal tourism sites. The data obtained from a questionnaire and literature research. Research conducted that between Islamic work value, job satisfaction and commitment organization had significant relationships. Besides between individual characteristics and Islamic work value, job satisfaction and commitment organization had not significant relationships.
This study evaluates the determinants and impacts of trust toward awqf institutions. We extend previous studies by examining the determining role of religiosity and knowledge on trust towards awqf institutions, in addition to the role of reputation and integrity. Our study differs from the previous studies as we incorporate the intergenerational analysis of 658 experienced and inexperienced Indonesian waqf donors by employing the PLS-SEM method. Our findings suggest that religiosity and knowledge significantly influence trust toward awqf institutions. However, the impact differs across generations X, Y, and Z. While the direct impacts of religiosity and knowledge on the intention to do cash waqf are insignificant for certain generations, the variables significantly impact the intention of all generations when moderated by the trust. Therefore, our primary implication is for awqf institutions to know their customers better and offer more trust-enhancing programs for the inexperienced younger generations.JEL Classification: Z12, L31How to Cite:Haidlir, B. M., Jatmiko, W., Azizon, A., Kasri, R. A., & Laksmono, B. A. (2023). Determinants and Impacts of Trust on Awqf Institutions: Intergenerational Evidence from Indonesia. Etikonomi, 22(1), 175–196. https://doi.org/10.15408/etk.v22i1.26307.
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