Effectiveness and efficiency of Waqf Institution in Malaysia toward financial sustainability / Shafinaz Rosli
Poor management of waqf institutions has been spread out by the people. According to Ismail, Salim and Ahmad Hanafiah (2015), most of SIRC faced the same problem in inefficient of waqf administration. This may lead to the failure to generate income and manage the waqf assets. Yet, Malaysia has estab...
Saved in:
| Main Author: | |
|---|---|
| Format: | Student Project |
| Language: | English |
| Published: |
2017
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/91440/1/91440.pdf https://ir.uitm.edu.my/id/eprint/91440/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Poor management of waqf institutions has been spread out by the people. According to Ismail, Salim and Ahmad Hanafiah (2015), most of SIRC faced the same problem in inefficient of waqf administration. This may lead to the failure to generate income and manage the waqf assets. Yet, Malaysia has established Department of Awqaf, Zakat and Hajj (JAWHAR) to systemize the management of waqf in all states. However, there are still lacking in recording and reporting of waqf accounting standard and inconsistent in recording it. Thus, it is necessary to study factors that influenced efficiency and effectiveness of waqf institution in managing the institution toward financial sustainability. Main objective of this study was to determine the performance of waqf institution using efficiency ratio approaches toward financial sustainability. In addition, this study also conducted three specific objectives which are to identify the efficiency of waqf institution according to their fundraising efficiency, operating expenses efficiency and distribution efficiency. Waqf institution that I choose to study was National Endowment Foundation (YWM). The efficiency of YWM was the dependent variable while fund-raising efficiency ratio, operating expenses efficiency ratio and distribution efficiency was the independent variables. The data collected in this study are secondary data which extracted from annual financial reports of National Endowment Foundation (YWM). Data extracted are from January 2011 till December 2015. |
|---|