Waqf efficiency and its transformative technology in improving the waqf system in Malaysia

Ibrahim, Dahlia; Ibrahim, Haslindar; Masron, Tajul Ariffin

doi:10.4324/9781003171638-3

Cited by 6 publications

(6 citation statements)

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“…The legal division of Islamic inheritance (Farid) is used in Islam in the fair division of inheritance (Abubakar 2019). In Malaysia, waqf consists of land that contributes to economic growth and generates income (Ibrahim et al 2016). Property management through hibah instruments can strengthen social relationships in the community (Nasrul et al 2017).…”

Section: Discussion Of the Studymentioning

confidence: 99%

The importance of financial planning in preparedness for self-death

Ngah

2023

JOCRISE

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Unclaimed estate is a major source of economic hardship for Muslims. It may take a long time to liquidate the estate since it could be frozen. The deficiency of knowledge in financial management caused the family to face burdens such as debt of sudden death and not being preparedness for death. Aspect finances are important for individuals and communities in increased well-being of the self, family, and good death. The preparedness for death is important in the face of unexpected things such as chronic illness and sudden death. The research readiness for death based on finances has still been less studied. Is society prepared to have a financial planning readiness for death? Is there a level of understanding among people and communities that death has a financial aspect? In-depth semi-structured discussions with the experts in several domains included readiness for death. This discussion was conducted online, such as via Google Meet, and audio was recorded. This interview was transcribed and coded using an inductive approach. The participants consist of experts in the fields of education and finance. Experts from the National University of Malaysia (UKM), International Islamic University (IIUM), Institute of Islamic Studies Malaysia (IKIM), and University of Science Malaysia (USM). The result is based on a thematic analysis of the preparedness for death-self financial in Malaysia.

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Section: Discussion Of the Studymentioning

confidence: 99%

The importance of financial planning in preparedness for self-death

Ngah

2023

JOCRISE

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“…Through the website, the development of waqf in Malaysia managed by waqf institutions under Malaysian government institutions can be accessed, so that all people can know and access the development of waqf. (Ibrahim and Mustapa 2017).…”

Section: Digitalization and Technological Informationmentioning

confidence: 99%

Waqf Fundraising Strategies: A Comparison between Indonesia and Malaysia

Abdullah,

Rusydiana

2024

IJW

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The article aims to understand and analyze the various strategies that have been implemented in raising waqf funds in Indonesia and Malaysia. The data sources used come from Scopus indexed journals, ensuring the accuracy and credibility of the information. The results of the research show that there are ten main strategies that have been implemented in the context of waqf in Indonesia and Malaysia, namely digitalization and information technology strategies, government policy strategies, local cultural system strategies, management strategies, marketing and waqf objects, new strategies offered, strategies to strengthen legal legality, strategies for understanding the behavior of waqf donors, waqf education and socialization strategies, waqf institutional strategies and word of mouth strategies. Thus, this article provides a comprehensive view of waqf fund collection strategies in Indonesia and Malaysia, which can be a basis for further development in the context of Islamic finance and waqf fund management.

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“…Awareness is also seen as the extent of a person's understanding of a particular phenomenon based on the basis of knowledge and willingness from within themselves which is influenced by other factors. In term of awareness, the majority of Muslims in Malaysia is aware that waqf is used to assist the poor and the needy (Ibrahim and Ibrahim, 2013). However, a study by Puad et al (2014) found that most people believe that waqf can only being contributed by Muslims but not to non-Muslims.…”

Section: The Awareness and Perception Of Waqfmentioning

confidence: 99%

Assessing the awareness and perception of waqf among business owners in Gombe State, Nigeria

Abdu,

Lamido,

Jibir

2023

IES

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PurposeThe literature about the dynamics of Muslims' awareness and perception of waqf has been generally scarce,especially in Nigeria. As renewed efforts are emerging to develop a new waqf regime in the country, this study examines this aspect in Gombe metropolis, Nigeria, with a view to identifying the key factors shaping people's perception and awareness towards waqf.Design/methodology/approachTo achieve the objective of this study, primary data were collected through a survey among 494 business owners in the Gombe metropolis. The data were then analysed using probit and Tobit regression models.FindingsThe study found that altruistic behaviour, religiosity level, educational level and young age are among the factors that determine people's perception and awareness towards donating to waqf among business owners in Gombe. Altruism and young age embolden businesspersons to recognise the effectiveness of waqf institutions in solving socioeconomic challenges.Practical implicationsThe findings of this study imply that waqf has huge potential in the study area and that with well-structured, organized waqf education programmes within the business community using diverse avenues, a robust waqf sector can be developed.Originality/valueAs far as the study area and the entire Nigerian Islamic economics and finance landscape is concerned, the study has explored a novel research area. Given the infant stage of empirical studies on waqf in Nigeria, there are virtually no previous attempts to examine the awareness and perception of businesspersons towards waqf; variables that are key to the development of an effective sector.

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Waqf efficiency and its transformative technology in improving the waqf system in Malaysia

Cited by 6 publications

References 0 publications

The importance of financial planning in preparedness for self-death

The importance of financial planning in preparedness for self-death

Waqf Fundraising Strategies: A Comparison between Indonesia and Malaysia

Assessing the awareness and perception of waqf among business owners in Gombe State, Nigeria

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