Insight into the reasons for the lack of Waqf reporting

Daud, Dalila

doi:10.24191/jeeir.v6i3.8787

Cited by 6 publications

(5 citation statements)

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“…Information, communication and documentation systems in government awqāf departments have long been rudimentary in many Muslim countries (Rashid, 2012; Daud, 2018; Khamis and Salleh, 2018; Rusydiana and Devi, 2018; WBG, INCEIF and ISRA, 2019). They are governed by old laws and regulations that no longer fit the circumstances of the time and the living reality (Hadadou and Al-Nahwi, 2019).…”

Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

“…They are far from benefiting from the information and communication technology products of modern management and financial technologies (fintech) (Ghanem, 2009, 2015; Rashid, 2018). In addition, there are issues of bureaucracy, conflicts of interest and lengthy documentation processes (Daud, 2018). Most awqāf departments are still using manual methods in most of their programmes, which deal with a large number of documents relating to waqf deeds, assets and donors (Al-Humaidan, 2006; Rusydiana and Devi, 2018).…”

Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

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Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Laallam

Kassim

Ali

et al. 2020

IJIF

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Purpose This study aims to highlight the importance of intellectual capital (IC) for the operation of waqf (Islamic endowment) institutions, as few studies have discussed this issue in relation to non-profit religious organisations, particularly waqf organisations. Consequently, this study hopes to contribute to the development of waqf institutions in terms of human capital proficiency, the efficiency of operations and the effectiveness and sustainability of performance. Design/methodology/approach The authors reviewed a significant body of relevant studies written on various aspects of IC, to highlight the significance of considering IC in the operation of non-profit organisations (NPOs) and waqf institutions. Findings This study highlights the importance of IC in the operation of waqf institutions. It provides a platform that facilitates understanding of the existing obstacles and challenges in waqf institutions (such as lack of accountability, lack of funding, mismanagement and lack of trained labour, among others) and offers potential solutions through the consideration of knowledge and IC. Research limitations/implications This study is a conceptual analysis of IC in the context of NPOs. Future studies should conduct empirical testing, which will provide more detailed discussion and enriching insights into the issue of IC and the performance of NPOs, particularly in the case of waqf institutions. Practical implications This study provides several important implications for waqf institutions and other NPOs, as it sheds light on the consideration of knowledge and IC in their operations. Originality/value To the best of the authors’ knowledge, this study is the first to discuss the issues of waqf in the light of IC and provide an integrated framework for the operation of waqf institutions.

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Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Laallam

Kassim

Ali

et al. 2020

IJIF

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“…Each state hasits own managing body, State Islamic Religious Council (SIRC) which handles and manages all the matters related to Islamic activities (Iqmal et al, 2018). The SIRC acts as an advisor for the King or Sultan in the management of Islamic affairs, which includes waqf matters (Daud, 2018). SIRC operates under the jurisdiction of the State Enactment which governs their operations and provides the SIRC with a set of rules to guide the actions of the SIRC (Dahlan et al, 2014).…”

Section: The Structure Of Waqf In Malaysiamentioning

confidence: 99%

“…Previous studies on accounting for waqf institutions and bodies in Malaysia have focused on the reporting and accountability of waqf organisations (Ihsan, 2007;Ihsan & Adnan, 2009;Nahar & Yaacob, 2011;Tohirin & Hudayati, 2011;Masruki & Shafii, 2013;Yaacob et al, 2015), waqf management and governance (Iqmal et al, 2018;Chowdhury, 2011;Kamri, 2010) and the reason why there is a lack in waqf reporting (Daud, 2018). However, this current research provides insights and focuses on the areas not covered by previous research, that is to understand how the management of waqf institutions practice their accounting in adhering to a non-specific prevailing accounting standard whilst conforming to waqf principles.…”

Section: Accounting For Non-profit Contextmentioning

confidence: 99%

Specific Accounting Standards for Waqf Institutions:

Yusof

2021

JEEIR

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The purpose of accounting standard is to govern the accounting process and subsequently reporting for entities. Hence, the absence of specific accounting standard to govern the accounting for an entity would be problematic and would give rise to several issues. This research aims to understand how the absence of specific accounting standard affects the accounting practices of an entity. The findings show how the waqf corporation tries to adhere to the prevailing accounting standard, which is not specific for waqf institutions, and how important it is to have a specific accounting standard in place for waqf institutions.

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“…Kajian yang memfokuskan kepada perbincangan risiko dan pengurusan risiko secara berfokus dan sistematik masih terhad dalam kalangan pengkaji wakaf. Kajian-kajian lepas yang mengupas berkenaan pengurusan dan pembangunan wakaf berlegar pada isu-isu tadbir urus, pembiayaan, sistem dan undang-undang (Rashid 2011;Shirazi N.S 2011;Dahlia Haslindar 2013;Hydizulkifli & Asmak 2015;Kadir et al 2016;Syahnaz & Aznan 2016;Dalila Daud 2018;Mahmood 2017). Kupasan isu-isu ini tidak menjurus kepada perbincangan risiko dan sangat sedikit kajian yang membincangkan perihal risiko dan pengurusannya dalam konteks institusi wakaf.…”

Section: Pengenalanunclassified

Pengurusan Pembangunan Portfolio Aset Wakaf: Keterdedahan Risiko dan Pengurusannya

Rahaman¹,

Yaacob²,

Harun³

2020

JCIL

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Pengurusan pembangunan portfolio aset wakaf berhadapan dengan isu kekangan dana untuk membangunkan aset tidak alih, membentuk aset baharu serta porfolio aset wakaf yang kurang dinamik. Walaupun terdapat beberapa cadangan pendekatan yang telah diketengahkan oleh pengkaji lepas, ianya belum dilaksanakan sepenuhnya. Perhatian turut diberikan terhadap isu-isu pengoperasian, kewangan, undang-undang, reputasi dan pematuhan yang menjadi perhatian dalam kalangan pengkaji. Aktiviti-aktiviti pembangunan dalam sektor ekonomi dan kewangan sering mempertimbangkan kedudukan risiko dan memerlukan penganalisisan bagi menentukan pendekatan pengurusan risiko. Justeru artikel konseptual ini bakal menganalisis secara komprehensif terhadap isuisu dalam aktiviti pembangunan wakaf melalui kajian lepas bagi mengenal pasti risiko-risiko yang wujud seterusnya memberikan idea pendekatan pengurusan risiko yang bersesuaian dalam konteks wakaf. Reka bentuk kajian adalah kajian kualitatif dengan menggunakan analisis kandungan. Dapatan kajian ini telah mengenal pasti tadbir urus dan pengoperasian merupakan bahagian utama yang telah terdedah kepada risiko dan telah menyebabkan wujudnya risiko-risiko yang lain. Selain itu, analisis keterdedahan risiko turut mengenal pasti pendekatan yang lebih holistik dan moden kerana hubung kait secara menyeluruh di antara risiko-risiko yang terdedah seterusnya mengukuhkan pembangunan portfolio aset wakaf.

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Insight into the reasons for the lack of Waqf reporting

Cited by 6 publications

References 0 publications

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Specific Accounting Standards for Waqf Institutions:

Pengurusan Pembangunan Portfolio Aset Wakaf: Keterdedahan Risiko dan Pengurusannya

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