Abstract
The introduction of cash waqf in Malaysia casts a new light on the creation of policies for enhancing the quality of life of those who are impoverished. Malaysia's fast expansion of cash waqf has reached new heights in recent years. One of the contributing elements to this issue is a growing awareness among the general population.The religious state department and waqf centres in Malaysia are also active in developing more contemporary waqf instruments that are beneficial to the general public. This increases the prospects of cash waqf to play a more prominent role in poverty alleviating initiatives in Malaysia. It is because, cash waqf is one of the alternative instruments that can overall improve the social welfare and reduce the poverty rate and at the same time, lessen the burden of the government. However, the collection of cash waqf fund in Malaysia is something that could be improved due to the total amount collected did not reflect the total amount of Muslim population in Malaysia. Hence, there is a need to find the best method to improve the collection of cash waqf. In line with technology advancement, it is expected that technology adoption in the method of collection cash waqf could be a steppingstone to increase the amount of fund. With this reason, technology usage is aims to be the factor that would enhance the contribution of cash waqf. This study used 284 respondents who were employed Muslims to investigate the effect of technology usage in influence intention of individual to contribute cash waqf. This study used Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyse data through correlation analysis. Referring to the correlation analysis, the finding discovered that there is a positive and strong relationship between technology usage and intention of cash waqf contribution. This could be concluded the roles of technology usage in influence people’s intention for cash waqf contribution.
Highlights
Cash waqf can be defined as a distribution of wealth in cash to build institutions such as schools and mosques that can benefit the society or community
The evaluation of measurement model used to assess the value of the outer loadings, Composite Reliability (CR), Average Variance Extracted (AVE), and convergent validity (HTMT)
The composite reliability in this study reported in table 1 and the result shows that the construct under this research have CR value more than the threshold value of 0.7
Summary
Cash waqf can be defined as a distribution of wealth in cash to build institutions such as schools and mosques that can benefit the society or community. Cash waqf is as an alternative to those who are unable to contribute property for the waqf purpose. Khademolhoseini, (2008) defined cash waqf as giving some money from one’s possession to perform waqf based on that amount. The contribution of cash waqf must be used for the community’s development and the benefit is to be used by the public. The money collected from cash waqf may be invested in the real sector or in any Shariah investment for the purpose to cycle the money for the sake of waqf property development
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