Conceptualizing the impact of Leader-member Exchange in non-profit and religious organisations: The case of waqf institutions in Malaysia

Sharip, Sharfizie Mohd; Awang, Marinah; Ismail, Ramlee

doi:10.24191/jeeir.v7i3.6197

Cited by 4 publications

(3 citation statements)

References 47 publications

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“…Besides, there was a fraud case in an Islamic foundation where the secretary of the foundation was charged for embezzlement of more than RM600,000 (Abdul Jalil, 2018). There are also issues on data leakage cases in Islamic non-profit organisations such as information of donors and the property investments by irresponsible individuals (Mohd Sharip et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Financial Management Practices in Malaysian Islamic Social Enterprise (ISE)

2022

MAR

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This study examined the role of financial management practices consisting of financial disclosure, internal control, financial planning and budgeting and financial performance management in Islamic Social Enterprises (ISEs) in Malaysia. A survey method was used and 102 financial officers in Malaysian ISEs had responded. T-test analysis was used to examine the significant differences based on Malaysian ISEs attributes including years of operation, organisational size and income generation level. This study found that Malaysian ISEs had moderate financial management practices led by internal control (77.46%), followed by financial disclosure (75.93%), financial planning and budgeting (68.87%) and the least was financial performance management (62.06%). Specifically, this study found that Malaysian ISEs with more years of operation, bigger in size and self-sustained in income generation had high financial management practices. Empirical findings from this study will benefit ISEs management, authority and regulator for monitoring and governing purposes. The study contributes by becoming among the early attempts studying financial management practice aspects of Malaysian ISEs.

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Section: Introductionmentioning

confidence: 99%

Financial Management Practices in Malaysian Islamic Social Enterprise (ISE)

2022

MAR

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“…A similar case also happened in another Islamic foundation where one of the directors was charged with the amount of more than RM170,000 (Bernama, 2020). There are also issues with data leakages cases in Islamic non-profit organisations such as information of donors and the property invested being occupied by irresponsible individuals (Mohd Sharip et al , 2019).…”

Section: Introductionmentioning

confidence: 99%

The impact of financial management practices on accountability of Islamic social enterprise (ISE)

Kamaruddin

Auzair²

2022

IMEFM

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Purpose This study aims to examine the role of financial management practices, which consist of financial disclosure, internal control, financial planning and budgeting and financial performance on Islamic social enterprises’ (ISEs) accountability. Design/methodology/approach Questionnaires were administered to financial officers of 102 Malaysian ISEs. Findings were analysed using Smart-PLS to examine the relationships between financial management practices and accountability. Findings Results of this study indicate a direct relationship exists between internal control and accountability. Relationships between other financial management practices and accountability are indirect through internal control. Hence, the data demonstrates that internal control has a mediating role on other financial management practices, which are financial disclosure and financial performance management with the accountability of ISEs. Research limitations/implications This study has implicated the significant role of financial management practices in ISEs in the pursuance of their accountability especially internal control to achieve public trust. Practical implications Appropriate financial management practices, especially internal control, are essential for the ISEs to achieve good accountability. Originality/value This study contributes to the field of management and social accounting by providing empirical evidence on ISE practices specifically on financial management practices and accountability. This framework thus presents among the early attempts in studying accountability issues in ISEs.

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“…All these result in incorrect figures for valuation and handling of waqf assets, up to the point of misappropriation and loss of waqf assets. The situation is made worse when audit findings showed there exist several lands which were left undeveloped due to misappropriation and mismanagement (Mohd Sharip et al, 2019). The objective of this research is to understand how the accounting practices and processes are carried out in such organisations, and by doing so, also identifies the factors contributing to the decisions and accounting practices with regards to waqf setting in Malaysia, in order to improve the management of waqf assets.…”

Section: Introductionmentioning

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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Conceptualizing the impact of Leader-member Exchange in non-profit and religious organisations: The case of waqf institutions in Malaysia

Cited by 4 publications

References 47 publications

Financial Management Practices in Malaysian Islamic Social Enterprise (ISE)

Financial Management Practices in Malaysian Islamic Social Enterprise (ISE)

The impact of financial management practices on accountability of Islamic social enterprise (ISE)

Specific Accounting Standards for Waqf Institutions:

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