Abstract
Waqf continues to be a significant source for developing the Muslim community today. Waqf institutions thus need to ensure their unceasing effectiveness in managing Waqf funds so as to establish a Muslim economy that is more vibrant, progressive and inclusive. The improved performance of the institution, which can be achieved by improving public trust, will in turn lead to social improvements as well. To ensure that a Waqf institution remains competitive, it is crucial to identify its core competencies in terms of leadership styles and roles which allow it to establish a productive working environment. Therefore, the institution’s leader plays a major role in ensuring management effectiveness. This paper reviews several literatures on the management effectiveness of Waqf institutions and proposes viable leadership communication styles for the institutions. It has been suggested that clear, regular and constant communication is necessary for the growth and effectiveness of any institution.
Highlights
The concept of effectiveness must be clearly demarcated as it carries different meanings in different contexts
Recommendation and Conclusion The unavailability of unique measures, or core competencies, to determine Waqf management effectiveness renders Waqf institutions to be no different than other non-profit organizations
To remain competitive, such core competencies need to be identified such as leadership styles and roles which enable the establishment of a productive organizational environment
Summary
The concept of effectiveness must be clearly demarcated as it carries different meanings in different contexts. Transparency is indicated by the degree of information disclosed by the institution with regards to it operations and performance; it entails the institution’s level of efficiency in terms of resource allocation(Shafii et al, 2015). The effectiveness of Waqf institutions can be measured by the aspects of fundraising and program efficiency (Shafii et al, 2014; Sulaiman & Adnan, 2009) which could help determine the needed allocations for the programs and the ability to yield surplus from the contributions (Arshad & Zain, 2017). Based on all the above, there is a need to set a systematic standard for the use of financial elements in measuring Waqf management effectiveness and performance (Sulaiman & Zakari, 2018).
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