Investigating The Relationship Between Level of Income, Method of Contribution and Appointment of Islamic Waqf Bank as an Agent in Collecting Waqf Fund

Muhammad Ridhwan Ab. Aziz; Fuadah Johari; Hisham Sabri

doi:10.33102/uij.vol15no.238

Authors

Muhammad Ridhwan Ab. Aziz Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia
Fuadah Johari Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia
Hisham Sabri Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia

DOI:

https://doi.org/10.33102/uij.vol15no.238

Keywords:

Waqf, Cash Waqf, Islamic Waqf Bank

Abstract

Cash waqf is a trust fund established in cash for mankind’s benefits in the name of Allah. The gifted capital was “transferred” to borrowers for certain period, which was then spent for all sorts of pious and social purposes including for the investment objectives. It is recognized that there is no ample study in the area of cash waqf especially for managing the waqf fund. Therefore, the research on the management of cash waqf fund is essential in order for the fund to be used efficiently. The objective of this article is to investigate the relationship between level of income and contribution method of cash waqf fund in Islamic waqf bank as well as the appointment of Islamic waqf bank as an agent in collecting the fund. This research employs quantitative analysis on 231 respondents among Muslim public in this country. The finding of this article shows that, with the proper contribution method and the appointment of Islamic waqf bank an agent in collecting the cash waqf fund, there is a strong tendency that the Islamic waqf bank’s operation will be run effectively.

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