Abstract—The institution of
waqf has played its role in poverty alleviation and socioeconomic development through history, especially in the Islamic history. Until today, this institution still plays an important role especially in Muslim countries. Still, there are many potential mechanisms in order to make it more effective to alleviate poverty. Cash
waqf is a trust fund est
ablished with money to support services 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 inclusive 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
study for the management of cash
waqf fund is essential in order for th
e fund to be use efficie
ntly. The objective of this article is to examine relationship between level of income and appointment of agent in collecting
waqf fund. The methodology of this research is a q
uantitative research towards 231 respondents among Muslim public in Malaysia. The general finding of this article shows that, with 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.
Index Terms—
Waqf, cash
Waqf , Isla
mic
Waqf bank,
Waqf managemen
t.
Muhammad Ridhwan Ab. Aziz and Mohd Asyraf Yusof are with the Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), Bandar Baru Nilai, 71800, Nilai, Negeri Sembilan, Malaysia (email: muhammadasyrafyusof@gmail.com).
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Cite: Muhammad Ridhwan Ab. Aziz and Mohd Asyraf Yusof, "Examining the Relationship between Level of Income and Appointment of Agent in Collecting Waqf Fund," International Journal of Trade, Economics and Finance vol.5, no.2, pp. 167-169, 2014.