A Review on Governance and Best Practices in Waqf Management for Sustainable Development in Selected Malaysian States and Other Countries

Hassan, Rusni; Bakar, Noor Mahinar Abu; Bakar, Noor Haini Akmal Abu

doi:10.1108/978-1-80071-625-420210009

Cited by 3 publications

(2 citation statements)

References 6 publications

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“…Jouti et al [ 25 ] built a sustainable Islamic Social Finance ecosystem with an integrated approach, which indicates the need for cooperation of all stakeholders -zakat institutions, waqf institutions, banking, Islamic microfinance institutions, Islamic capital markets, etc.- in creating a sustainable ecosystem. Hassan et al [ 52 ] explained that sustainability in waqf includes three elements: maintenance of the waqf property, increasing the productivity of waqf, and increasing the chance of providing benefits to the community. Sapuan and Zeni [ 53 ] described that efficient management is the key to achieving the sustainability of Islamic Social Finance.…”

Section: Literature Reviewmentioning

confidence: 99%

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

et al. 2022

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Several previous studies state that the Islamic Social Finance program has not fully succeeded in creating prosperity, and there are no definite measurements to show the sustainability impact of the program. Thus, a measurement is needed to analyze various aspects in achieving the success and sustainability of Islamic social finance programs. This study developed an index for performance evaluation with an emphasis on the success and sustainability of the Islamic Social Finance program. The study used the Analytical Network Process to determine and analyze priority components. Furthermore, the Multistage Weighted Index method was used to calculate the final index score. The index was built by taking into consideration various factors, stakeholders, aspects, and indicators. This study indicates that aspects of funding contribution from donors (0.22), involvement of donors in giving advice (0.99), and controlling of supervisor (0.08) are priority aspects in the success and sustainability of the program. An empirical investigation was performed on three different programs in Indonesia: A, B, and C. Program A (0.81) and C (0.80) have succeeded in improving the beneficiaries’ quality of life to the level of economic resilience, although at a low level of sustainability (76–84.33). On the other hand, program B (0.73) is at the economic reinforcement and has not yet achieved sustainability. This index can be seen as a comprehensive tool for measuring the success and sustainability of the program at several levels.

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Section: Literature Reviewmentioning

confidence: 99%

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

et al. 2022

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“…In accordance to realize the optimization of zakat fund several factors can be done such as to ensure the equitable distribution of national income, establishing collaborative and cohesive initiatives especially by fostering cooperation between non-profit organizations and government zakah agencies (Afifah, 2021;Hassan et, al., 2022). The management of zakat by institutions that channel zakat funds will be directed towards initiatives for the economic development of the underprivileged with serving as a pathway to address poverty (Tagoranao, et.…”

Section: Introductionmentioning

confidence: 99%

Analysing the Competing Values Framework and Organizational Culture at Lembaga Amil Zakat Infaq dan Shodaqoh Muhammadiyah (LAZISMU) Solo City, Easta Java, Indonesia

Ahmad Mardalis,

Yuniar Shanti Dwi Nugraheni,

Saleh

2023

JES

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Lembaga Amil zakat, infaq and Shadaqah Muhammadiyah (LAZISMU) plays a role in the management and distribution of zakat, infaq and shodaqoh funds under the Muhammadiyah parent organization. This study aims to conduct an in-depth analysis of the organizational culture of LAZISMU Solo City by using the competitive value framework paradigm and organizational culture approach. This study used descriptive quantitative by using primary data. The data was obtained through direct distribution of OCAI questionnaires to 35 employees of LAZISMU Solo. This study used the Competing Values Framework (CVF) approach and used the Organizational Culture Assessment Instrument (OCAI) assessment instrument. The result founf that the organizational culture that is currently developing in LAZISMU Solo was dominated by clan culture with an average score of 32 point. The current clan culture shows that LAZISMU Solo has a friendly and welcoming workplace environment like a big family. The findings of this study contribute to enriching the discourse surrounding organizational culture particularly in the context of nonprofit organizations oriented towards community service.

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Providing Provision and Protection to Ageing Population via Cash Waqf Takaful Model in Malaysia

Muneeza,

Kunhibava

2024

Artificial Intelligence (AI) and Customer Social Responsibility (CSR)

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A Review on Governance and Best Practices in Waqf Management for Sustainable Development in Selected Malaysian States and Other Countries

Cited by 3 publications

References 6 publications

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

Analysing the Competing Values Framework and Organizational Culture at Lembaga Amil Zakat Infaq dan Shodaqoh Muhammadiyah (LAZISMU) Solo City, Easta Java, Indonesia

Providing Provision and Protection to Ageing Population via Cash Waqf Takaful Model in Malaysia

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