Crowdfunding for Developing Waqf Land a Study on Malaysia

Abstract

This present study aims to develop an alternative model of financing that address theproblems of waqf land financing in Malaysia, analyse the probability that waqf institutionwill use the proposed model and recommend policies to enhance the optimisation ofcrowdfunding for developing waqf land. This study focuses on potential donors in the fourstates in Malaysia, namely Pahang, Pulau Pinang, Selangor and Johor since these areas havesignificant waqf lands. The analysis is conducted using statistical analysis and logisticregression analysis. The study finds that there is a high probability of donors willing to usethe proposed model (CWM), particularly among non-married donors, females, low-middleincome donors, and those with more awareness of crowdfunding and waqf.

Optimising under-utilised waqf assets in Malaysia through social entrepreneurship

“…In additions to the ECF facility, Hapsari, Bin, Muhammad, and Dausa (2020) observe the opportunity of reviving the role of waqf in Malaysia by the Waqf institutions to address r liquidity issue. Cash waqf for instance is gaining attention.…”

“…Nonetheless, Hapsari et al (2020) argues that inconvenient models of cash Waqf, coupled with its unattractiveness can discourage people to contribute in cash Waqf. Therefore, Hapsari et al (2020) for them in financial aspect because they could not operate their business physically. As a result, they suffered a serious drop in daily sales and a shortage in cash flow.…”