Insaniah (humanistic) economics of waqf: From IR 4.0 to a human-centered tawhidic society 5.0

Isa, Mohd Yaziz Bin Mohd; Mohamed, Zulkifflee

doi:10.13135/2421-2172/3750

Cited by 1 publication

(1 citation statement)

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“…Innovation is growing in importance as a vital factor in the execution of any economic activity. Incorporated in this is the concept of digitized information, which involves various IT technologies including robotics, artificial intelligence and the Internet of Things, which are predicted to generate novel forms of added values in future (Isa and Mohamed, 2020). However, despite the trillions of dollars’ worth of available credit, much of the existing waqf properties are still unused and undeveloped because of problems in governance.…”

Section: Literature Reviewmentioning

confidence: 99%

Waqf integrated income generating model (WIIGM) for enhancing sustainable development goals (SDGS) in Malaysia: an evaluation of behavioural intention

Ibrahim

Daud

Hidayah

et al. 2022

IJOES

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Purpose This study aims to examine how beliefs and expectations on collaboration for investment, technology advancement and governance can lead to sustainable income generation that succeeds in influencing the community to accept the proposed Waqf integrated income generating model (WIIGM). Design/methodology/approach This study empirically examined the beliefs and expectations on the proposed WIIGM model, which was adapted from the theory of reasoned action (TRA). Data was collected from 366 respondents selected via convenience sampling. Questionnaires were distributed online, of which responses were then analysed using partial least squares structural equation modelling for hypothesis testing. Ethical approval is also gathered before the data collection begins. Findings This study found that collaboration for investment and governance significantly contribute to sustainable income generation in waqf operations and management, which eventually results in the community’s trust and acceptance of the WIIGM model. Technology advancement also significantly influences sustainable income generation, which finally leads to the community's behavioural intention to participate in the WIIGIM model. Further studies on this variable may establish findings from other perspectives. Practical implications This paper is an original study that empirically examines the potential for a new waqf integrated income-generating model in building the trust of the community towards waqf institutions. This study is significantly important for practitioners and policymakers in evaluating the potential roles of waqf based on the belief and trust of the community. Originality/value This paper adds value to existing literature regarding the potential of a new waqf integrated income-generating model.

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Section: Literature Reviewmentioning

confidence: 99%