Cash Waqf and Preferred Method of Payment: Case of Malaysia Using an AHP Approach

Jalil, Mohamad Isa Abd; Pitchay, Anwar Allah; Yahya, Sofri

doi:10.1007/978-3-030-18449-0_10

Cited by 10 publications

(21 citation statements)

References 18 publications

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“…There are also a few factors that might contribute to this situation. This is supported by the research done by Jalil et al, (2017); Allah Pitchay et al, (2018); Ab Fatah et al, (2017); Adeyemi et al, (2016). Hence, there are many studies investigate on the factors that influence the intention for cash waqf contribution.…”

Section: Literature Reviewmentioning

confidence: 54%

“…Fuadah Johari, the Deputy Director Islamic Finance Wealth Management Institution (Johari, 2020), highlighted RM0.28 per employed Muslim is just a small fraction of cash waqf contribution. Though cash waqf has been gazetted 13 years ago in the 77 th Majlis Fatwa Kebangsaan Muzakarah in 2007, the collection is still low due to the lack of awareness among the Muslims in Malaysia (Jalil et al, 2017;Allah Pitchay et al, 2018;Ab Fatah et al, 2017;Adeyemi et al, 2016). This could be an obstacle to the development of the country because cash waqf plays a big role in the country's economy and society and plays a vital role in the advancement of socio economic wellbeing of the Muslim community (Mahbubi, 2017).…”

Section: Problem Statementmentioning

confidence: 99%

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Roles of Technology Usage in Cash Waqf Contribution: Factors to Enhance Collection of Cash Waqf in Malaysia

Ismail¹,

Rasool²

2021

IJARBSS

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The introduction of cash waqf in Malaysia casts a new light on the creation of policies for enhancing the quality of life of those who are impoverished. Malaysia's fast expansion of cash waqf has reached new heights in recent years. One of the contributing elements to this issue is a growing awareness among the general population.The religious state department and waqf centres in Malaysia are also active in developing more contemporary waqf instruments that are beneficial to the general public. This increases the prospects of cash waqf to play a more prominent role in poverty alleviating initiatives in Malaysia. It is because, cash waqf is one of the alternative instruments that can overall improve the social welfare and reduce the poverty rate and at the same time, lessen the burden of the government. However, the collection of cash waqf fund in Malaysia is something that could be improved due to the total amount collected did not reflect the total amount of Muslim population in Malaysia. Hence, there is a need to find the best method to improve the collection of cash waqf. In line with technology advancement, it is expected that technology adoption in the method of collection cash waqf could be a steppingstone to increase the amount of fund. With this reason, technology usage is aims to be the factor that would enhance the contribution of cash waqf. This study used 284 respondents who were employed Muslims to investigate the effect of technology usage in influence intention of individual to contribute cash waqf. This study used Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyse data through correlation analysis. Referring to the correlation analysis, the finding discovered that there is a positive and strong relationship between technology usage and intention of cash waqf contribution. This could be concluded the roles of technology usage in influence people's intention for cash waqf contribution.

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Section: Literature Reviewmentioning

confidence: 54%

Section: Problem Statementmentioning

confidence: 99%

Roles of Technology Usage in Cash Waqf Contribution: Factors to Enhance Collection of Cash Waqf in Malaysia

Ismail¹,

Rasool²

2021

IJARBSS

View full text Add to dashboard Cite

show abstract

“…It is strongly agreed by Fuadah Johari who is the Deputy Director Islamic Finance Wealth Management Institution that RM0.28 per employed Muslim is just a small fraction of cash waqf contribution (Johari, 2020). Jalil et al (2017) agreed that cash waqf collectors should be focused on the types of payment methods that could obtain high priority rates to meet donor's expectation. Therefore, improving cash waqf collection method could be one of the ways to increase the collection of cash waqf.…”

Section: Problem Statementmentioning

confidence: 99%

“…Sargeant & Woodliffe (2005) concurs that payment methods are the attraction for the donors to retain their contribution. However, there is still limited study covering the payment methods of cash waqf in Malaysia (Jalil et al, 2017).…”

Section: Problem Statementmentioning

confidence: 99%

“…Technolgy is expected to be the best solution to enhance and improve contribution of cash waqf. It is due to the technology adoption which involves various methods of payment such as mobile banking and mobile payment, show increasing number of usages throughout 2010 (Jalil et al, 2017). Mohsin & Muneeza (2019), believed that innovation such as Waqfintech could reach a wider audience and benefit more people using innovative financial technology like crowdfunding and blockchain.…”

Section: Problem Statementmentioning

confidence: 99%

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Technology Acceptance and Technology Usage: Importance to Cash Waqf Contribution

Ismail¹,

Rasool²,

Noor³

2021

IJARBSS

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Cash waqf plays a vital role in the advancement of the socio economic wellbeing of the Muslim community. In Malaysia, cash waqf is one of the alternative instruments that can improve the social welfare and reduce the poverty rate and at the same time, lessen the burden of the government. Scholars believe that contribution of waqf by using cash is much important and more relevant due to its flexibility than waqf properties in the present day. Therefore, collection of cash waqf could be emphasized in order to use its benefit for the betterment of ummah. However, the collection of cash waqf fund in Malaysia is considered relatively low as the total amount collected did not reflect the total amount of Muslim population in Malaysia. Reasons behind this low collection are numerous such as lack of innovative and creative methods to facilitate the collection of cash waqf. Applying variousg technology advancement in cash waqf is envisaged to make the waqf collection more efficient and effective. Therefore, this study aims to investigate the influence of technology acceptance and technology usage towards the intention of cash waf contribution. This cross-section study employed a dataset comprised of 284 respondents working Muslims to investigate the role of technology acceptance and technology usage in influencing them to contribute cash waqf. The Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to analyse data through correlation analysis. Referring to the correlation analysis, the finding discovered that there is a positive and strong relationship between technology usage to the intention of cash waqf contribution, On the other hand, there is negative relationship between technology acceptance and intention to contribute cash waqf.

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Online Reputation Evaluation for Consumer Products Based on Analytic Hierarchy Process (AHP)

Han³

et al. 2020

Data Processing Techniques and Applications for Cyber-Physical Systems (DPTA 2019)

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Cash Waqf and Preferred Method of Payment: Case of Malaysia Using an AHP Approach

Cited by 10 publications

References 18 publications

Roles of Technology Usage in Cash Waqf Contribution: Factors to Enhance Collection of Cash Waqf in Malaysia

Roles of Technology Usage in Cash Waqf Contribution: Factors to Enhance Collection of Cash Waqf in Malaysia

Technology Acceptance and Technology Usage: Importance to Cash Waqf Contribution

Online Reputation Evaluation for Consumer Products Based on Analytic Hierarchy Process (AHP)

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