BUILDING TRUST IN WAQF MANAGEMENT — IMPLICATIONS OF GOOD GOVERNANCE AND TRANSPARENT REPORTING

Rashedul Hasan, Abu Umar Faruq Ahmad () and Siti Alawiah Bt. Siraj ()
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Rashedul Hasan: Faculty of Business, Communication and Law, INTI International University, Malaysia
Abu Umar Faruq Ahmad: Islamic Economics Institute, King Abdulaziz University, Kingdom of Saudi Arabia
Siti Alawiah Bt. Siraj: Department of Accounting, International Islamic University, Malaysia

The Singapore Economic Review (SER), 2022, vol. 67, issue 01, 459-475

Abstract: This study seeks to highlight the implications of governance and reporting practices in ensuring accountability and building donors trust in Waqf Institutions (WIs). Data gathered through the survey are analyzed using PLS-SEM technique. The conceptual model was developed based on the critical review of the past literature. Among the three proxies of board attributes, only board ability has a significant positive impact on accountability. Voluntary information disclosure has a significant positive impact on accountability. Accountability has a significant impact on building trust in waqf management. Results provided by the study advocate for the adoption of formal reporting and improved governance mechanisms to enhance donors’ trust in WIs.

Keywords: Waqf; trust; governance; reporting; accountability; Shari’ah (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S0217590820420059

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