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All Journal Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Journal of Islamic Monetary Economics and Finance
Che Mohd Salleh, Marhanum
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Religion Economics, Econometrics & Finance Social Sciences

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STUDY ON THE EFFICIENCY OF CASH WAQF MANAGEMENT IN MALAYSIA Khamis, Siti Razifah; Che Mohd Salleh, Marhanum
Journal of Islamic Monetary Economics and Finance Vol 4 No 1 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (338.348 KB) | DOI: 10.21098/jimf.v4i1.732

Abstract

The role of Waqf is synonym with the purpose of developing the economics as well as social well-being by means of a charity-based system. Revitalization of cash Waqf gives advantage to Muslims countries to further enhance this charity system. However, the efficiency of cash Waqf management is still questionable due to several internal management issues. This research is conducted to explore current practices of Waqf institutions in managing cash Waqf concerning human resource, documentation and reporting aspect; to investigate challenges faced by Waqf institutions in managing cash Waqf in terms of human resource, documentation and reporting aspects; and to suggest a few ways that can enhance the efficiency of cash Waqf management focusing in the three aspects. To achieve these objectives, qualitative methodology has been adopted where the data of this research was collected through semi-structured interview and review of past literatures as well as relevant documents. The finding of the research shows that majority of Waqf institutions have made efforts in promoting cash Waqf based on its regulation, financial sources, collaboration, duration of cash Waqf implementation and its strategic planning. However, the current practices of human resource, documentation and reporting are not suitable with the current pace of evolution to fully realize the benefit of cash Waqf. This research revealed the loopholes in the management of cash Waqf and suggested several ways for improvement as a reference for Waqf institutions in order to improve their cash Waqf implementation. It is a significant endeavor for Waqf institutions in Malaysia to develop knowledge on cash Waqf management as well as provoking speedy development progress of cash Waqf implementation in Malaysia.
PROPOSING A MODEL FOR ENTREPRENEURSHIP DEVELOPMENT: THE ROLE OF ENTREPRENEURS’ CASH WAQF INTENTION Musa, Sherifah Oshioke; Che Mohd Salleh, Marhanum
Journal of Islamic Monetary Economics and Finance Vol 4 No 1 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (642.333 KB) | DOI: 10.21098/jimf.v4i1.764

Abstract

This paper aims to propose a model of entrepreneurship development by focusing on the role of cash waqf intention as a mediator on the relationship of cash waqf awareness, religiosity, attitude towards act, subjective norms, perceived behavioral and entrepreneurship development. By enhancing the theory of planned behavior, a structured question was designed to survey 459 Nigerian entrepreneurs. SEM analysis was used to test the theoretical framework and to propose a model of entrepreneurship development in Nigeria by means of Waqf. Result shows that the most important variables to explain entrepreneurs’ cash waqf intention for business growth are cash waqf awareness and attitude towards cash waqf. It is argued in this research that the presence of high level of cash waqf awareness and the attitude towards cash waqf can play an important role in achieving business growth. The paper extends the applicability of the theory of planned behavior, cash waqf awareness and religiosity in investigating the effect of cash waqf intention for business development.
STUDY ON THE EFFICIENCY OF CASH WAQF MANAGEMENT IN MALAYSIA Khamis, Siti Razifah; Che Mohd Salleh, Marhanum
Journal of Islamic Monetary Economics and Finance Vol. 4 No. 1 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v4i1.732

Abstract

The role of Waqf is synonym with the purpose of developing the economics as well as social well-being by means of a charity-based system. Revitalization of cash Waqf gives advantage to Muslims countries to further enhance this charity system. However, the efficiency of cash Waqf management is still questionable due to several internal management issues. This research is conducted to explore current practices of Waqf institutions in managing cash Waqf concerning human resource, documentation and reporting aspect; to investigate challenges faced by Waqf institutions in managing cash Waqf in terms of human resource, documentation and reporting aspects; and to suggest a few ways that can enhance the efficiency of cash Waqf management focusing in the three aspects. To achieve these objectives, qualitative methodology has been adopted where the data of this research was collected through semi-structured interview and review of past literatures as well as relevant documents. The finding of the research shows that majority of Waqf institutions have made efforts in promoting cash Waqf based on its regulation, financial sources, collaboration, duration of cash Waqf implementation and its strategic planning. However, the current practices of human resource, documentation and reporting are not suitable with the current pace of evolution to fully realize the benefit of cash Waqf. This research revealed the loopholes in the management of cash Waqf and suggested several ways for improvement as a reference for Waqf institutions in order to improve their cash Waqf implementation. It is a significant endeavor for Waqf institutions in Malaysia to develop knowledge on cash Waqf management as well as provoking speedy development progress of cash Waqf implementation in Malaysia.
PROPOSING A MODEL FOR ENTREPRENEURSHIP DEVELOPMENT: THE ROLE OF ENTREPRENEURS’ CASH WAQF INTENTION Musa, Sherifah Oshioke; Che Mohd Salleh, Marhanum
Journal of Islamic Monetary Economics and Finance Vol. 4 No. 1 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v4i1.764

Abstract

This paper aims to propose a model of entrepreneurship development by focusing on the role of cash waqf intention as a mediator on the relationship of cash waqf awareness, religiosity, attitude towards act, subjective norms, perceived behavioral and entrepreneurship development. By enhancing the theory of planned behavior, a structured question was designed to survey 459 Nigerian entrepreneurs. SEM analysis was used to test the theoretical framework and to propose a model of entrepreneurship development in Nigeria by means of Waqf. Result shows that the most important variables to explain entrepreneurs’ cash waqf intention for business growth are cash waqf awareness and attitude towards cash waqf. It is argued in this research that the presence of high level of cash waqf awareness and the attitude towards cash waqf can play an important role in achieving business growth. The paper extends the applicability of the theory of planned behavior, cash waqf awareness and religiosity in investigating the effect of cash waqf intention for business development.
Growth and Value Effect on Jakarta Islamic Index: Analysis towards Performance of Sharia Equity Mutual Fund Rusmita, Sylva Alif; Che Mohd Salleh, Marhanum; Sucia Sukmaningrum, Puji; Zulaikha, Siti
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 11 No. 1 (2019)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v11i1.9670

Abstract

This study provides evidence that value and growth stocks are able to explain Net Asset Value of sharia mutual fund. Growth and value stocks in 2013-2017 are used to predict mutual fund profits. Thus, prior to any losses or lower Net Asset Value experienced by customers, investment managers and investors can estimate the profit or loss obtained. This study uses quantitative method with the latest secondary data from companies indexed in the Jakarta Islamic Index and sharia mutual fund data. The results of statistical tests show that growth and value shares equally affect the profit of sharia mutual funds. The growth stock has a larger R-Square than stock value. Meanwhile, the ratios that most affect Net Asset Value of sharia mutual fund are the Return on Equity and Book to Market Value. Penelitian ini membuktikan bahwa growth stock dan value stock mampu menjelaskan Net Asset Value dari mutual fund syariah. Growth stock dan value stock digunakan untuk memperdiksi keuntungan dari mutual fund. Sehingga, sebelum nasabah mengalami keuntungan atau kerugian atas Net Asset Value, manajer investasi dan investor dapat memprediksi kemungkinan keuntungan dan kerugian yang akan didapat. Artikel ini menggunakan metode kuantitatif dengan data sekunder yang diperoleh dari perusahanperusahaan yang terindeks oleh Jakarta Islamic Index dan data mutual fund syariah. Hasil penguajian data statistic menunjukkan bahwa baik growth stock maupun value stock mempengaruhi keuntung mutual fund syariah. Growth stock menunjukkan R-square lebih besar daripada stock value. Sementara itu, rasio yang paling berpengaruh terhadap Net Asset Value pada mutual fund syariah adalah Return on Equity dan Book to Market Value.
Co-Authors Khamis, Siti Razifah Musa, Sherifah Oshioke Puji Sucia Sukmaningrum Rusmita, Sylva Alif Siti Zulaikha