Publication: The Role of Governance in Analysing Waqf Performance
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Date
2023
Authors
Mohd Zeni N.A.
Abdul Kadir M.R.
Sapuan N.M.
Journal Title
Journal ISSN
Volume Title
Publisher
Springer Science and Business Media Deutschland GmbH
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. � 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
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Keywords
Human capital , Malaysia , Waqf governance , Waqf performance , Waqf regulations