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Financial Management of Mosques in Kota Setar District: Issues and Challenges

Mosque is one of the most important institutions in the Islamic community. Financial management of mosques is one of the main issues that has come to the forefront ,and caught attention of many people. Good financial management practices not only be valued in terms of recording and reporting financ...

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Main Author: Azhar, Abdul Wahab
Format: Thesis
Language:English
English
Published: 2008
Subjects:
HG Finance
Online Access:http://etd.uum.edu.my/1247/
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spelling my.uum.etd.12472021-03-29T07:18:17Z http://etd.uum.edu.my/1247/ Financial Management of Mosques in Kota Setar District: Issues and Challenges Azhar, Abdul Wahab HG Finance Mosque is one of the most important institutions in the Islamic community. Financial management of mosques is one of the main issues that has come to the forefront ,and caught attention of many people. Good financial management practices not only be valued in terms of recording and reporting financial transactions but also how to obtain and to manage funds effectively. The main objective of this study is to find out the management practices of 40 mosques in Kota Setar district in terms of their collection system, source of fund, recording and reporting system. The study also identifies their strengths and weaknesses in financial management. 160 questionnaires were distributed to the mosques committee in 40 mosques to identify. their opinions toward the uses of funds collected and the quality of financial management in their mosques. 97 questionnaire(60.6%) were received and have been analyzed. Findings indicate that the main sources of funds for mosques is collection from the public. The collection on Friday contribute major income for mosque as well as from other sources such as from wakaf property. In terms of recording and reporting financial transactions , mosques in Kota Setar appear to have strong internal control procedures for the receipt of income. However, they need to improve the internal control procedures in the areas of reporting of financial information with regard to the mosque funds. The findings also show that all the selected demographic characteristics ( age, level of education, employment, position of mosque committees, and location of mosques - urban/rural areas) did not significantly differ from one mosque to another. In terms of their perception or opinion on financial management practices in the mosques.The study has identified that the major issue faced by the mosques is the lack of efforts to invest the mosques' funds into more economic and productive activities. Hence,future challenges are immense.In this thesis ,we contribute several suggestions( based on our findings) to further improve the financial management of funds in mosques. 2008-05-13 Thesis NonPeerReviewed text en /1247/1/Azhar_Abdul_Wahab.pdf text en /1247/2/Azhar_Abdul_Wahab.pdf Azhar, Abdul Wahab (2008) Financial Management of Mosques in Kota Setar District: Issues and Challenges. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Azhar, Abdul Wahab
Financial Management of Mosques in Kota Setar District: Issues and Challenges
description Mosque is one of the most important institutions in the Islamic community. Financial management of mosques is one of the main issues that has come to the forefront ,and caught attention of many people. Good financial management practices not only be valued in terms of recording and reporting financial transactions but also how to obtain and to manage funds effectively. The main objective of this study is to find out the management practices of 40 mosques in Kota Setar district in terms of their collection system, source of fund, recording and reporting system. The study also identifies their strengths and weaknesses in financial management. 160 questionnaires were distributed to the mosques committee in 40 mosques to identify. their opinions toward the uses of funds collected and the quality of financial management in their mosques. 97 questionnaire(60.6%) were received and have been analyzed. Findings indicate that the main sources of funds for mosques is collection from the public. The collection on Friday contribute major income for mosque as well as from other sources such as from wakaf property. In terms of recording and reporting financial transactions , mosques in Kota Setar appear to have strong internal control procedures for the receipt of income. However, they need to improve the internal control procedures in the areas of reporting of financial information with regard to the mosque funds. The findings also show that all the selected demographic characteristics ( age, level of education, employment, position of mosque committees, and location of mosques - urban/rural areas) did not significantly differ from one mosque to another. In terms of their perception or opinion on financial management practices in the mosques.The study has identified that the major issue faced by the mosques is the lack of efforts to invest the mosques' funds into more economic and productive activities. Hence,future challenges are immense.In this thesis ,we contribute several suggestions( based on our findings) to further improve the financial management of funds in mosques.
format Thesis
author Azhar, Abdul Wahab
author_facet Azhar, Abdul Wahab
author_sort Azhar, Abdul Wahab
title Financial Management of Mosques in Kota Setar District: Issues and Challenges
title_short Financial Management of Mosques in Kota Setar District: Issues and Challenges
title_full Financial Management of Mosques in Kota Setar District: Issues and Challenges
title_fullStr Financial Management of Mosques in Kota Setar District: Issues and Challenges
title_full_unstemmed Financial Management of Mosques in Kota Setar District: Issues and Challenges
title_sort financial management of mosques in kota setar district: issues and challenges
publishDate 2008
url http://etd.uum.edu.my/1247/
_version_ 1696978263676551168
score 13.211869

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