<![CDATA[The Waste Bank Program in Lima Puluh Kota Regency still faces challenges in encouraging sustainable community participation, highlighting the need to understand the factors that shape participation intention. This study aims to analyze the effects of Circular Economy Understanding, Maqashid Sharia Understanding, and Economic Incentives on Community Participation Intention in the Waste Bank Program in Lima Puluh Kota Regency, as well as to examine the role of Perceived Value as a moderating variable. This research employed a quantitative approach with an explanatory research design. Data were collected through questionnaires from 150 respondents selected using purposive sampling and analyzed using Moderated Regression Analysis (MRA) with IBM SPSS. The findings reveal that Maqashid Sharia Understanding and Perceived Value have positive and significant effects on Community Participation Intention, whereas Circular Economy Understanding has no significant effect. Economic Incentives have a negative and significant effect on Community Participation Intention, while Perceived Value moderates the relationship between Economic Incentives and Community Participation Intention. The research model has an Adjusted R Square of 0.987, indicating that 98.7% of the variation in Community Participation Intention can be explained by the variables included in the model. These findings indicate that community participation in the Waste Bank Program is more closely associated with the internalization of religious values and perceived benefits than with financial considerations alone. This study contributes to the development of a community participation model by integrating economic, religious, and perceived value dimensions within the context of circular economy-based waste management. ABSTRAK Program Bank Sampah di Kabupaten Lima Puluh Kota masih menghadapi tantangan dalam mendorong keberlanjutan partisipasi masyarakat, sehingga diperlukan pemahaman mengenai faktor-faktor yang membentuk intensi partisipasi. Penelitian ini bertujuan menganalisis pengaruh Pemahaman Ekonomi Sirkular, Pemahaman Maqashid Syariah, dan Insentif Ekonomi terhadap Intensi Partisipasi Masyarakat dalam Program Bank Sampah di Kabupaten Lima Puluh Kota, serta menguji peran Perceived Value sebagai variabel moderasi. Penelitian menggunakan pendekatan kuantitatif dengan desain explanatory research. Data dikumpulkan melalui kuesioner terhadap 150 responden yang dipilih menggunakan teknik purposive sampling dan dianalisis menggunakan Moderated Regression Analysis (MRA) dengan bantuan IBM SPSS. Hasil penelitian menunjukkan bahwa Pemahaman Maqashid Syariah dan Perceived Value berpengaruh positif dan signifikan terhadap Intensi Partisipasi Masyarakat, sedangkan Pemahaman Ekonomi Sirkular tidak berpengaruh signifikan. Insentif Ekonomi berpengaruh negatif dan signifikan terhadap Intensi Partisipasi Masyarakat, sementara Perceived Value memoderasi hubungan antara Insentif Ekonomi dan Intensi Partisipasi Masyarakat. Model penelitian memiliki Adjusted R Square sebesar 0,987, yang menunjukkan bahwa 98,7% variasi Intensi Partisipasi Masyarakat dapat dijelaskan oleh variabel dalam model. Temuan ini menunjukkan bahwa partisipasi masyarakat dalam Program Bank Sampah lebih berkaitan dengan internalisasi nilai keagamaan dan manfaat yang dirasakan dibandingkan pertimbangan finansial semata. Penelitian ini berkontribusi pada pengembangan model partisipasi masyarakat dengan mengintegrasikan dimensi ekonomi, religius, dan persepsi nilai dalam konteks pengelolaan sampah berbasis ekonomi sirkular.]]>
