Financial Analysis as an Instrument in Predicting the Company Performance: The Case of Corporate Waqf Subsidiaries
Australian Academy of Business and Social Sciences Conference 2014
9 Pages Posted: 27 Jan 2015
Date Written: August 20, 2014
Waqf have a potential to become one of the important mechanisms regarding the socioeconomics realms in Muslim societies that will benefit the communities as a whole. This objective of study is to examine the influence of corporate waqf by subsidiaries of JCorp in enhancing the company performance as one of the element of return from waqf activities. The methodology used is an analysis of the financial ratio to evaluate the financial condition and performance of subsidiaries companies that contribute to corporate waqf. No doubt, in today’s financial world, ratio analysis is a very vital tool in identifying the financial soundness and cost effectiveness of the company by establishing relationship between the items of balance sheet and profit and loss account. The study accomplished that the Jcorp subsidiaries, which involves in corporate waqf activities are financially sound, where profits and returns generated are satisfactorily, which can attract other conglomerates to participate.
Keywords: Financial Ratio Analysis, Performance, Corporate Waqf, Johor Corporation
JEL Classification: G380, M400, E600
Suggested Citation: Suggested Citation