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All Journal Jurnal Ekonomi & Keuangan Islam Empowerment: Jurnal Pengabdian Masyarakat Perbanas Journal of Islamic Economics and Business AMMA : Jurnal Pengabdian Masyarakat
Dwi Retno Widiyanti
Fakultas Ekonomi Dan Bisnis, Universitas Brawijaya
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Journal : Perbanas Journal of Islamic Economics and Business

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Logistic Regression Analysis in Revealing Probability of Indonesian Moslem Community's Understanding About Cash Waqf Linked Sukuk (CWLS) Dwi Retno Widiyanti
Perbanas Journal of Islamic Economics and Business Vol 2 No 1 (2022): Perbanas Journal of Islamic Economics and Business
Publisher : Perbanas Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (351.46 KB) | DOI: 10.56174/pjieb.v2i1.12

Abstract

Cash Waqf Linked Sukuk (CWLS) is one of the innovative fiscal instruments through Islamic Financial Institutions in Indonesia that uses waqf funds as sukuk investment. The collection of waqf funds is still experiencing obstacles such as: lack of understanding of the Muslim community on the concept of the importance of CWLS, lack of public trust in cash waqf institutions and lack of willingness to donate cash waqf. This study conducted a survey of 151 potential Indonesian Muslim respondents consisting of civil servants, entrepreneurs, academics, and households. By using logistic regression analysis, it is expected to produce findings related to factors that affect understanding of the Muslim community regarding cash waqf linked sukuk (CWLS). Based on the results of the analysis with a significance tolerance level of 0.05%, it was concluded that formal education, income, and age had a statistically significant effect on understanding of CWLS. Based on the log of odds value, the younger respondents with the higher income and the higher formal education has more probability to have understanding on CWLS.
Co-Authors Asyila Muthi’ah Bilal Mu’taz Zuhair Dinda Rahmah Wardhani Dzuliyati Kadji IKA ANGGRAINI Ika Anggraini Nanik Shofiatin Sri Muljaningsih Surya Nusantara Wisam Zuhdi Yohana Eva Sabatanti