Determinants of Corporate Waqf Contribution from the Perspective of Muslims in Malaysia

Abstract

Corporate waqf is a unique model and an innovation of the Islamic social finance system. It is considered a promising platform to overcome economic inequality and enhance the wellbeing of the people in many areas, including socio-economic, education, and health. Therefore, it is necessary to analyse the underlying factors that can influence corporate waqf contribution among the public. This article summarises the findings of a survey on the determinants of corporate waqf contribution from the perspective of Muslims in Malaysia. The empirical factors found were: attitude, subjective norm, perceived behavioural control, knowledge, and trustworthiness. A survey was conducted of 454 respondents from various backgrounds; based on the obtained results, it is suggested that three independent variables, namely knowledge, subjective norm, and attitude, have significant relationships with the intention to contribute corporate waqf. In the conclusion, the author suggests several ideas for progressing corporate waqf in Malaysia.