Staff View: Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia

Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia

Knowing the factors which can improve performance is very crucial in every organization including Waqf institutions as charitable institutions. Waqf institutions have significant roles in a country to mobilize and distribute public funds. Examining its performance could be useful to assess Waqf’s...

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Main Authors:	Shafii, Zurina, Yunanda, Rochania Ayu, Rahman, Faried Kurnia
Format:	Conference Paper
Language:	en_US
Published:	Universiti Sains Islam Malaysia 2016
Subjects:	Financial Ratios Operational Ratios Effectiveness Efficiency
Online Access:	http://ddms.usim.edu.my/handle/123456789/9872
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spelling	my.usim-98722016-01-11T03:15:29Z Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia Shafii, Zurina Yunanda, Rochania Ayu Rahman, Faried Kurnia Financial Ratios Operational Ratios Effectiveness Efficiency Knowing the factors which can improve performance is very crucial in every organization including Waqf institutions as charitable institutions. Waqf institutions have significant roles in a country to mobilize and distribute public funds. Examining its performance could be useful to assess Waqf’s perpetual existence. In the context of business organizations, financial ratios which rely on the bottom line can be the tools to examine the performance. Financial ratios somehow reflect the financial health and vulnerability of the organizations. Besides that, the organizations frequently compare actual performance with standards or expectations to enhance the organizations’ achievements. Several financial ratios might be applicable to evaluate non-profit organizations although those ratios do not seem sufficient. Financial ratios alone cannot serve as measures of success in non-profits organizations, these organizations have to be assessed in more complex ways, generally dealing with efficiency and effectiveness. Therefore, the purpose of this study is to examine the performance of Waqf institutions using financial and operational approaches. Using content and ratio analysis, this study examines five years (2008-2012) annual reports of Waqf institutions administered by Majlis Ugama Islam Singapura (State Islamic Religion Council or Singapore) and one Majlis Agama Islam Negeri in Malaysia (one State Islamic Religion Council in Malaysia). This study found in terms of Waqf collections, both institutions have growing amount of Waqf funds. This can be a hint of Waqf awareness among people. Both institutions are also able to generate income from their core activities. However, it can be highlighted from program expenses that both institutions might not have a number of projects and programs relating to the role as Mutawalli. Since financial ratios cannot be the utmost measures of success in Waqf institutions, these organizations have to develop the performance measures which can better evaluate efficiency and effectiveness. 2016-01-11T03:15:29Z 2016-01-11T03:15:29Z 2014-04-29 Conference Paper 978-967-5852-25-1 http://ddms.usim.edu.my/handle/123456789/9872 en_US Universiti Sains Islam Malaysia
institution	Universiti Sains Islam Malaysia
building	USIM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universit Sains Islam i Malaysia
content_source	USIM Institutional Repository
url_provider	http://ddms.usim.edu.my/
language	en_US
topic	Financial Ratios Operational Ratios Effectiveness Efficiency
spellingShingle	Financial Ratios Operational Ratios Effectiveness Efficiency Shafii, Zurina Yunanda, Rochania Ayu Rahman, Faried Kurnia Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia
description	Knowing the factors which can improve performance is very crucial in every organization including Waqf institutions as charitable institutions. Waqf institutions have significant roles in a country to mobilize and distribute public funds. Examining its performance could be useful to assess Waqf’s perpetual existence. In the context of business organizations, financial ratios which rely on the bottom line can be the tools to examine the performance. Financial ratios somehow reflect the financial health and vulnerability of the organizations. Besides that, the organizations frequently compare actual performance with standards or expectations to enhance the organizations’ achievements. Several financial ratios might be applicable to evaluate non-profit organizations although those ratios do not seem sufficient. Financial ratios alone cannot serve as measures of success in non-profits organizations, these organizations have to be assessed in more complex ways, generally dealing with efficiency and effectiveness. Therefore, the purpose of this study is to examine the performance of Waqf institutions using financial and operational approaches. Using content and ratio analysis, this study examines five years (2008-2012) annual reports of Waqf institutions administered by Majlis Ugama Islam Singapura (State Islamic Religion Council or Singapore) and one Majlis Agama Islam Negeri in Malaysia (one State Islamic Religion Council in Malaysia). This study found in terms of Waqf collections, both institutions have growing amount of Waqf funds. This can be a hint of Waqf awareness among people. Both institutions are also able to generate income from their core activities. However, it can be highlighted from program expenses that both institutions might not have a number of projects and programs relating to the role as Mutawalli. Since financial ratios cannot be the utmost measures of success in Waqf institutions, these organizations have to develop the performance measures which can better evaluate efficiency and effectiveness.
format	Conference Paper
author	Shafii, Zurina Yunanda, Rochania Ayu Rahman, Faried Kurnia
author_facet	Shafii, Zurina Yunanda, Rochania Ayu Rahman, Faried Kurnia
author_sort	Shafii, Zurina
title	Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia
title_short	Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia
title_full	Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia
title_fullStr	Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia
title_full_unstemmed	Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia
title_sort	financial and operational measures of waqf performance: the case of state islamic religion council of singapore and malaysia
publisher	Universiti Sains Islam Malaysia
publishDate	2016
url	http://ddms.usim.edu.my/handle/123456789/9872
_version_	1645152716010291200
score	13.211869

Financial And Operational Measures Of Waqf Performance: The Case Of State Islamic Religion Council Of Singapore And Malaysia

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