Financial Performance and Sustainability in Malaysian Waqf Private Entities and Corporations

International Journal of Advanced Sciences and Technology, 29(10s), 951-961

11 Pages Posted: 18 May 2021

See all articles by Mustafa Hanefah

Mustafa Hanefah

Universiti Sains Islam Malaysia (USIM) - Faculty of Economics and Muamalat

Muhammad Iqmal Hisham Kamaruddin

Universiti Sains Islam Malaysia (USIM)

Rosnia Masruki

Universiti Sains Islam Malaysia

Fuadah Johari

Universiti Sains Islam Malaysia (USIM)

Aimi Fadzirul Kamarubahrin

Universiti Sains Islam Malaysia (USIM)

Date Written: 2020

Abstract

This paper aims to examine the financial performance and sustainability in Malaysian waqf private entity and corporations. Examining its performance and sustainability may be useful for determining perpetual life of waqf. Besides that, a waqf private entity and corporations frequently compare actual performance with standards or expectations to enhance the organizations’ achievements. Thus, by using ratio analysis, this study examines five years (2014-2018) annual reports of waqf private entity administered by Pusat Wakaf Majlis Agama Islam Wilayah Persekutuan Sdn. Bhd (PWMSB) and two waqf corporations Pusat Wakaf Selangor (PWS) and Wakaf An-Nur Corporation (WANCorp). The outcomes show that only one waqf corporation was economically feasible and perform acording to seven item. The discoveries give helpful experiences into the economically feasible and performance of waqf private entity and corporations feature the requirement for policy makers all over the Muslim countries generally and specifically for Malaysia to focus on the all encompassing responsibility of waqf foundations to guarantee waqf's efficient recovery. It is trusted that the outcomes and the suggestions of the examination would empower the money related announcing and responsibility of such foundations at a more significant level.

Keywords: Financial, Performance, Sustainability, Waqf, Private Entity, Corporations

JEL Classification: M41

Suggested Citation

Hanefah, Mustafa and Kamaruddin, Muhammad Iqmal Hisham and Masruki, Rosnia and Johari, Fuadah and Kamarubahrin, Aimi Fadzirul, Financial Performance and Sustainability in Malaysian Waqf Private Entities and Corporations (2020). International Journal of Advanced Sciences and Technology, 29(10s), 951-961, Available at SSRN: https://ssrn.com/abstract=3612462

Mustafa Hanefah

Universiti Sains Islam Malaysia (USIM) - Faculty of Economics and Muamalat

N.Sembilan
Malaysia

Muhammad Iqmal Hisham Kamaruddin (Contact Author)

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, 71800
Malaysia

Rosnia Masruki

Universiti Sains Islam Malaysia ( email )

Bandar Baru Nilai
Nilai, 71800
Malaysia

Fuadah Johari

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

Aimi Fadzirul Kamarubahrin

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

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