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2021 | OriginalPaper | Chapter

Empirical Analysis on Quality Waqf Reporting Practices of Waqf Institutions in Malaysia

Authors : Mustafa Mohd Hanefah, Muhammad Iqmal Hisham Kamaruddin, Rosnia Masruki, Fuadah Johari, Aimi Fadzirul Kamarubahrin

Published in: The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries

Publisher: Springer International Publishing

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Abstract

The purpose of this study is to investigate the current quality waqf reporting practices by waqf institutions in Malaysia. Five factors that influence quality waqf reporting practices namely relevance, faithful representation, understandability, comparability and timeliness were studied. Twenty items were used to measure the current level of quality waqf reporting practices in all 14 waqf institutions in Malaysia. Results show the current quality waqf reporting practices by waqf institutions in Malaysia are at a moderate level as it only scored 40.29%. Among the five factors, timeliness scored the highest with 54.29% while the lowest score is comparability at 27.5%. Among the 14 waqf institutions, Perbadanan Wakaf Malaysia (PWS) achieved the highest score with 82%. On the other hand, there are eight (8) waqf institutions that only scored 20% (all 20 items are scored with one (1) as the lowest score value). This research provides an important extension on previous knowledge and relevant literature of quality waqf reporting practices by waqf institutions in Malaysia. Moreover, this research focuses on the key dimensions of quality waqf reporting practices reported in the literature. This research helps especially the management of waqf institutions to measure their current disclosure level to improve quality waqf reporting practices.

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Title: Empirical Analysis on Quality Waqf Reporting Practices of Waqf Institutions in Malaysia
Authors: Mustafa Mohd Hanefah
Muhammad Iqmal Hisham Kamaruddin
Rosnia Masruki
Fuadah Johari
Aimi Fadzirul Kamarubahrin
Publisher: Springer International Publishing
Book: The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries
Print ISBN: 978-3-030-69220-9

Electronic ISBN: 978-3-030-69221-6

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-69221-6_115

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