Abstract
Cash waqf is a trust fund established in cash 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 including 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 research on the management of cash waqf fund is essential in order for the fund to be used efficiently. The objective of this article is to investigate the relationship between level of income and contribution method of cash waqf fund in Islamic waqf bank as well as the appointment of Islamic waqf bank as an agent in collecting the fund. This research employs quantitative analysis on 231 respondents among Muslim public in this country. The finding of this article shows that, with the 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.
Highlights
Introduction to Islamic Institutions inEconomics and Finance, Bandar Baru Nilai: USIM Publisher.Muhammad Ridhwan Ab
By taking its different meanings into consideration, ZDTI can be applied to non-perishable property ZKRVHEHQH¿WLVH[WUDFWHGZLWKRXWFRQVXPLQJWKHSURSHUW\LWVHOI$OWKRXJK ZDTILVQRWVSHFL¿FDOO\PHQWLRQHGLQWKH+RO\4XUDQWKHFRQFHSWRIZHDOWK distribution is strongly emphasized therein (Chowdhury HWDO 2011)
Investigating The Relationship Between Level of Income, Method of Contribution and Appointment of Islamic Waqf Bank As An Agent in Collecting Waqf Fund 127 to the natural calamity and ZDTI will only last till its value exist (Mohammad, 2008)
Summary
Introduction to Islamic Institutions inEconomics and Finance, Bandar Baru Nilai: USIM Publisher.Muhammad Ridhwan Ab. Investigating The Relationship Between Level of Income, Method of Contribution and Appointment of Islamic Waqf Bank As An Agent in Collecting Waqf Fund 127 to the natural calamity and ZDTI will only last till its value exist (Mohammad, 2008). The above Bar chart 1.7 indicates that there are strong willingness among the respondents to use electronic method in contributing for Islamic ZDTI bank.
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