Study on the efficiency of cash waqf management in Malaysia

The role of Waqf is synonym with the purpose of developing the economics as well as social well-being by means of a charity-based system. Revitalization of cash Waqf gives advantage to Muslims countries to further enhance this charity system. However, the efficiency of cash Waqf management is sti...

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Main Authors:	Khamis, Siti Razifah, Che Mohd Salleh, Marhanum
Format:	Article
Language:	English
Published:	Bank Indonesia Institute 2018
Subjects:	H Social Sciences (General) HJ Public Finance HS Societies secret benevolent etc
Online Access:	http://irep.iium.edu.my/67474/ http://irep.iium.edu.my/67474/ http://irep.iium.edu.my/67474/1/Study%20on%20the%20efficiency%20of%20cash%20waqf%20management%20in%20Malaysia.pdf

id	iium-67474
recordtype	eprints
spelling	iium-674742018-11-15T08:47:50Z http://irep.iium.edu.my/67474/ Study on the efficiency of cash waqf management in Malaysia Khamis, Siti Razifah Che Mohd Salleh, Marhanum H Social Sciences (General) HJ Public Finance HS Societies secret benevolent etc The role of Waqf is synonym with the purpose of developing the economics as well as social well-being by means of a charity-based system. Revitalization of cash Waqf gives advantage to Muslims countries to further enhance this charity system. However, the efficiency of cash Waqf management is still questionable due to several internal management issues. This research is conducted to three objectives; to explore current practices of Waqf institutions in managing cash Waqf concerning human resource, documentation and reporting aspect; to investigate challenges faced by Waqf institutions in managing cash Waqf in terms of human resource, documentation and reporting aspects; and to suggest a few ways that can enhance the efficiency of cash Waqf management focusing in the three aspects. To achieve these objectives, qualitative methodology has been adopted where the data of this research was collected through semi-structured interview and review of past literatures as well as relevant documents. The finding of the research shows that majority of Waqf institutions have made efforts in promoting cash Waqf based on its regulation, financial sources, collaboration, duration of cash Waqf implementation and its strategic planning. However, the current practices of human resource, documentation and reporting are not suitable with the current pace of evolution to fully realize the benefit of cash Waqf. This research revealed the loopholes in the management of cash Waqf and suggested several ways for improvement as a reference for Waqf institutions in order to improve their cash Waqf implementation. It is a significant endeavor for Waqf institutions in Malaysia to develop knowledge on cash Waqf management as well as provoking speedy development progress of cash Waqf implementation in Malaysia. Bank Indonesia Institute 2018-08-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/67474/1/Study%20on%20the%20efficiency%20of%20cash%20waqf%20management%20in%20Malaysia.pdf Khamis, Siti Razifah and Che Mohd Salleh, Marhanum (2018) Study on the efficiency of cash waqf management in Malaysia. Journal of Islamic Monetary Economics and Finance, 4 (1). pp. 61-84. ISSN 2460-6146 E-ISSN 2460-6618 https://jimf-bi.org/index.php/JIMF/article/view/732/723
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HJ Public Finance HS Societies secret benevolent etc
spellingShingle	H Social Sciences (General) HJ Public Finance HS Societies secret benevolent etc Khamis, Siti Razifah Che Mohd Salleh, Marhanum Study on the efficiency of cash waqf management in Malaysia
description	The role of Waqf is synonym with the purpose of developing the economics as well as social well-being by means of a charity-based system. Revitalization of cash Waqf gives advantage to Muslims countries to further enhance this charity system. However, the efficiency of cash Waqf management is still questionable due to several internal management issues. This research is conducted to three objectives; to explore current practices of Waqf institutions in managing cash Waqf concerning human resource, documentation and reporting aspect; to investigate challenges faced by Waqf institutions in managing cash Waqf in terms of human resource, documentation and reporting aspects; and to suggest a few ways that can enhance the efficiency of cash Waqf management focusing in the three aspects. To achieve these objectives, qualitative methodology has been adopted where the data of this research was collected through semi-structured interview and review of past literatures as well as relevant documents. The finding of the research shows that majority of Waqf institutions have made efforts in promoting cash Waqf based on its regulation, financial sources, collaboration, duration of cash Waqf implementation and its strategic planning. However, the current practices of human resource, documentation and reporting are not suitable with the current pace of evolution to fully realize the benefit of cash Waqf. This research revealed the loopholes in the management of cash Waqf and suggested several ways for improvement as a reference for Waqf institutions in order to improve their cash Waqf implementation. It is a significant endeavor for Waqf institutions in Malaysia to develop knowledge on cash Waqf management as well as provoking speedy development progress of cash Waqf implementation in Malaysia.
format	Article
author	Khamis, Siti Razifah Che Mohd Salleh, Marhanum
author_facet	Khamis, Siti Razifah Che Mohd Salleh, Marhanum
author_sort	Khamis, Siti Razifah
title	Study on the efficiency of cash waqf management in Malaysia
title_short	Study on the efficiency of cash waqf management in Malaysia
title_full	Study on the efficiency of cash waqf management in Malaysia
title_fullStr	Study on the efficiency of cash waqf management in Malaysia
title_full_unstemmed	Study on the efficiency of cash waqf management in Malaysia
title_sort	study on the efficiency of cash waqf management in malaysia
publisher	Bank Indonesia Institute
publishDate	2018
url	http://irep.iium.edu.my/67474/ http://irep.iium.edu.my/67474/ http://irep.iium.edu.my/67474/1/Study%20on%20the%20efficiency%20of%20cash%20waqf%20management%20in%20Malaysia.pdf
first_indexed	2023-09-18T21:35:47Z
last_indexed	2023-09-18T21:35:47Z
_version_	1777412810725130240

Study on the efficiency of cash waqf management in Malaysia

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