FACTORS AFFECTING WAQIF'S INTEREST IN CASH WAQF: A SYSTEMATIC LITERATURE REVIEW

8th ICEBIT 2024, Putrajaya, Malaysia

Hilman Hakiem

Doctoral Student, Management and Business,

School of Business, IPB University, Indonesia

INTRODUCTION

Poverty and Social Challenges: Indonesia faces issues of poverty, unemployment, and inequality, with cash waqf as a potential solution.

Potential of Cash Waqf: Estimated at IDR 180 trillion, but only IDR 2.3 trillion collected as of 2023.

Government Initiatives: National Cash Waqf Movement launched in 2021 to boost contributions.

Research Question:  

1. What are the factors affecting waqif's interest in cash waqf?
2. How to build a framework to explain the factors affecting waqif’s interest in cash waqf?

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PREVIOUS RESEARCH

• Review of five related studies that analyze factors impacting cash waqf
• The Closest Study: Gzahli et al. (2023), "Factors that Affect Community in Contributing to Cash Waqf for Economic Development: A Structured Review"
• Differences:
• Scope: Gzahli et al. (2023) focused on economic development; current study has broader scope.
• Data Source: Gzahli et al. (2023) used Scopus, WoS, and Springer; current study focuses on Scopus.
• Time Range: Gzahli et al. (2023) 🡪 (2015–2022); current study (2019–2024).

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METHODOLOGY

• Systematic Literature Review (SLR) following PRISMA guidelines.
• Keywords: Combination of "cash waqf" and "determinant" to collect articles.
• Selection Criteria: Filters applied to Scopus articles, limiting results to 2019–2024.
• Data Sources: 32 relevant articles selected after filtering and quality assessment.

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Figure 1: Journal article search technique using PRISMA

RESULTS & DISCUSSION

Publication Trend: Number of articles increased, with peaks in 2022 and 2023.

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Geographic Focus: Majority of studies conducted in Malaysia

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Methodology Preference: Quantitative approaches are most common

Figure 2: Number and year of publication

Figure 3: Research location and number of articles

Figure 4: Methods and number of articles

RESULTS & DISCUSSION

Most Used Theory: Theory of Planned Behavior (TPB) is frequently applied in studies on cash waqf interest.

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Figure 5: Theory and number of articles

RESULTS & DISCUSSION

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Framework: This is a framework designed to explain the factors affecting waqif’s interest in cash waqf.

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Figure 7: Framework

CONCLUSION & FUTURE RESEARCH

Conclusion

Cash waqf remains underutilized in Indonesia, with insights on significant factors aiding in strategizing for higher collection rates.

Research Gaps

Empirical Gap: Insignificant influence findings for 22 variables require further examination.

Methodological Gap: Most studies rely on quantitative approaches; there is a need for more qualitative and mixed-methods research to capture deeper insights into waqif motivations and perceptions

Research Limitations

Limited to Scopus-indexed articles; future studies should include additional databases (e.g. Web of Science) for a broader perspective.

Acknowledgement

Thanks to Prof. Dr. Hartoyo, Dr. Sufrin Hannan, and Dr. Nur Hasanah for guidance, direction, and motivation to the author, so that the author can complete this research.

THANK YOU

Thank you for your attention and participation