Abstract
Cash Waqf is an important tool in Islam. Efforts by government agencies and non-government organizations (NGOs) to enhance the role of cash waqf have been increasing. In line with the growing technology, government acknowledged the importance of Information technology (IT), transparency and trust in the implementation of cash waqf. Therefore, this study is aimed to identify the significance of technology towards Cash Waqf collection. Technology acceptance and technology usage are two different terms which each of them might be able to influence the collection of Cash Waqf. It is because, currently collection of Cash Waqf is not at a good level, which concluded only RM0.28 per Muslim for Cash Waqf contribution. Therefore, looking for alternatives that could improve Cash Waqf collection is a good idea. Seeing that we are reached year of 2020 which has been targeted a long time ago with provided good technology, therefore implementation of effective technology nowadays could be one of the ways to encourage contribution of Cash Waqf. Acceptance of technology could lead to high usage of technology. Application of Unified Theory Acceptance and Use of Technology (UTAUT) is relevant to this situation. Thus, it can be concluded that, more people accept technology will encourage more contribution in cash waqf fund. Therefore, more collection in cash waqf fund.
Highlights
Cash Waqf plays an important role in Malaysia as it is categorized in government
This study would like to identify the significance of technology in Cash Waqf collection
Technology acceptance influence the contribution of Cash waqf since people who accept technology tend to use facilities offered with useful technology implementation to contribute to cash waqf
Summary
Cash Waqf plays an important role in Malaysia as it is categorized in government. Sustainable Development Goals (SDG) 16 which promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels which would be able to promote peace, justice and develop strong waqf institutions. There are payment services, banking industry and financial regulations that apply new technologies. The emergence of new information technology in the financial services industry known as "FinTech". Mobile banking provides users with the ability to remotely make financial transactions using a mobile device such as a smartphone or tablet and can be provided by a financial services provider. Such services are not limited to mobile payments but include the use of debit or credit cards to influence Electronic Funds Transfer on Point of Sales (FTPOS) payments (Arputharaj, 2016)
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