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2023 | OriginalPaper | Chapter

The Role of Governance in Analysing Waqf Performance

Authors : Nur Azni Mohd Zeni, Mohd Rizuan Abdul Kadir, Noraina Mazuin Sapuan

Published in: Sustainable Finance, Digitalization and the Role of Technology

Publisher: Springer International Publishing

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Abstract

Over the years, waqf institutions have played an essential role in addressing a wide range of socio-economic development for the ummah (society) all over the world. The growth of waqf with time has led to increasing expectations surrounding the role of waqf institutions. Nevertheless, there has been an inefficiency issue regarding waqf institutions in Malaysia. The literature emphasises that inefficiency is usually associated with internal factors such as governance and management. Hence, the present study examines whether governance moderates the relationship between human capital in Waqf institution and waqf regulations (both as a proxy of waqf management attribute) with waqf institutions’ performance in Malaysia. The current research employed a quantitative research methodology by analysing a selected sample of 99 respondents in waqf institutions. The developed model was tested using the Structural Equation Model (SEM) technique through the Partial Least Square (PLS) approach. The results revealed a positive relationship between waqf management attribute and waqf performance, which becomes stronger with high governance. Moreover, it should be noted that the use of governance as a moderator between waqf management attribute and waqf performance is very limited in past research. Therefore, the present study’s result is expected to enhance the understanding of existing conceptual literature on the importance of governance in influencing the relationship between waqf management attributes and waqf institutions’ performance in Malaysia.

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Metadata
Title
The Role of Governance in Analysing Waqf Performance
Authors
Nur Azni Mohd Zeni
Mohd Rizuan Abdul Kadir
Noraina Mazuin Sapuan
Copyright Year
2023
Book
Sustainable Finance, Digitalization and the Role of Technology

Print ISBN: 978-3-031-08083-8

Electronic ISBN: 978-3-031-08084-5

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-3-031-08084-5_23

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