Wakif's Behavior in Money Waqf: an Approach to Theory of Planned Behavior

Iman, Nurul; Santoso, Adi; Kurniawan, Edi

doi:10.24269/ekuilibrium.v16i1.3184

Cited by 11 publications

(15 citation statements)

References 16 publications

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“…Cash waqf regulation in Indonesia provides a lack of justifications in terms of cash waqf supervisory and governance. Those pieces of evidence enhance the facts that cash waqf fails to meet the stakeholders' expectation (Utomo et al, 2020) In addition, according to Iman et al (2021) that attitudes of wakif's, subjective norms, and values of religiosity were able to influence waqf behavior in making decisions to do cash waqf. In fact, according to Nurjannah and Abdullah (2020), cash waqf instruments can be a solution for the economy during the Covid-19 pandemic.…”

Section: Literature Reviewmentioning

confidence: 93%

Cash Waqf Linked Sukuk: Issues, Challenges and Future Direction in Indonesia

Yasin

2021

JEBIS

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Cash Waqf Linked Sukuk (CWLS) is the first innovation sukuk-based modern waqf fundraising development issued by the Indonesian government in 2020. People who prefer to channel their social funds in zakat, infaq, and shodaqah make CWLS less desirable. This paper evaluates the issues, challenges and future direction from the issuance of the CWLS series SWR001 by the Indonesian government. This study used systematic literature review analysis and used Publish or Perish software with Google Scholar as the database. A total of 48 articles published from 2016 to 2021 were selected. Object of this research is the SWR001 series. Systematic data analysis is used to define relevant themes within the topic.The dominance of individual waqf (99.6%) shows that even though SWR001 was offered during the Covid-19 pandemic, it is still in demand by investors (wakif). Even so, less than optimal sales results make nadzir having to re-evaluate the implementation of social programs that had been planned before. Issues and challenges in the development of CWLS products include relatively new products, limited distribution partners and nadzir, low coupons, lack of public understanding, contracts, and incomplete literacy causing the potential wakif not to be maximized. In the future, to increase the CWLS collection, stakeholders is need to ensure the information and mobilization through word-of mouth with the objective to create a positive word of CWLS. Improving communication strategies, ease of service and professionalism nadzir to be very important to do.

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Section: Literature Reviewmentioning

confidence: 93%

Cash Waqf Linked Sukuk: Issues, Challenges and Future Direction in Indonesia

Yasin

2021

JEBIS

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“…As a nation with great potential due to the highest number of Muslim in the world, Indonesia is not left behind when it comes to cash waqf. Iman, Santoso, and Kurniawan (2021) pointed out that the collection of productive waqf funds, specifically cash waqf, has not been ideal. Many assumes the behavior of the Muslim community that does not fully apprehend the improvement of cash waqf.…”

Section: Cash Waqf and Theory Of Planned Behaviormentioning

confidence: 99%

Optimising under-utilised waqf assets in Malaysia through social entrepreneurship

Haniff¹,

Markom

Ismail³

et al. 2023

5007

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A waqf is a charitable perpetual property whose interest and usufruct can be extracted without consuming the property itself. Malaysia has grown enormous waqf assets. Nonetheless, the potential is not fully utilized because of the difficulty in terms of management. The aim of this paper is to propose a model based on two social entrepreneurship angles which are creating sustainable business ventures and innovating products that could effectively optimize underutilized waqf lands in Malaysia. This qualitative research applies secondary data collected from scientific directory analysis and library research including papers and precedents on waqf. A Comparative approach was used to correlate analogous model that is currently practised in Indonesia. The data was then analyzed using legal and historical interpretation to determine the model's commercial viability. These findings suggest an equity crowdfunding platform as an innovative method to optimize underutilized waqf assets. In order to measure the desirability and perceived feasibility among contributors in Malaysia of this model, a theory of planned behavior was suggested. Since social entrepreneurship necessitates innovative products and profits, the researcher believes that using equity crowdfunding to create a new waqf model could potentially generate continuous income and wealth for the benefit of the country.

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“…Recent studies (Haidlir et al, 2021;Iman et al, 2021;Ismaila & Maryantib, 2022;Osman et al, 2016;Ratnasari et al, 2017) have examined the donor's intention to contribute to waqf. Some of the empirical research (Haidlir et al, 2021;Ismaila & Maryantib, 2022;Osman & Muhammed, 2017;Osman et al, 2016) have adopted TPB and employed SEM and/or PLS in examining the donor's intention to contribute to waqf.…”

Section: Tpb and Intention To Donate To Waqfmentioning

confidence: 99%

“…In summary, there are mixed findings on the effect of ATT, SN, and PBC on donor's intention. Many studies (Alifiandy et al, 2020;Azizi et al, 2019;Haidlir et al, 2021;Iman et al, 2021;Osman & Muhammed, 2017;Pujani et al, 2021;Ratnasari et al, 2017) found a significant positive effect of attitude on donor's intention. However, Ismaila & Maryantib (2022) and Osman et al (2016) could not establish attitude's influential role.…”

Section: Tpb and Intention To Donate To Waqfmentioning

confidence: 99%

Financing Maternal and Child Healthcare Service through Waqf in Kano State, Nigeria

Baita¹,

Maiyaki²,

Bashir³

2022

j. Islam. bus. manag.

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Purpose:We examined the effects of factors influencing maternal and child healthcare (MCH) service financing in Kano State through waqf. To this end, the impact of donor attitude, subjective norm and perceived behavioral control on intention to finance MCH through waqf is examined. Methodology: A descriptive survey was conducted, and crossectional data was gathered from business communities of Kantin-Kwari, Singa and Sabon Gari Markets within the Kano metropolis. Similarly, a closed-ended questionnaires were administered to 500 business people. Findings: By applying Structural Equation Modeling (SEM), it was established that donor's attitude, subjective norm, and perceived behavioural control propelled donor's intention towards financing MCH through waqf. Significance: The study is insightful as it emphasizes the contribution of waqf in financing MCH service. It highlights how Waqf can unbundle healthcare financial constraints, particularly in providing maternity and children healthcare services. Practical Implication: The study has practical implications in the sense that it provides policy makers with the ethical based source of funding MCH services which has the potential to reduce government's fiscal burden. As well, it shows the key role entrepreneurs can play in providing funds for a quality healthcare service.

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Wakif's Behavior in Money Waqf: an Approach to Theory of Planned Behavior

Cited by 11 publications

References 16 publications

Cash Waqf Linked Sukuk: Issues, Challenges and Future Direction in Indonesia

Cash Waqf Linked Sukuk: Issues, Challenges and Future Direction in Indonesia

Optimising under-utilised waqf assets in Malaysia through social entrepreneurship

Financing Maternal and Child Healthcare Service through Waqf in Kano State, Nigeria

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