Skip to main content
SpringerLink
Log in

Cash Waqf and Preferred Method of Payment: Case of Malaysia Using an AHP Approach

Waqf Collection and Management Strategies

  • Chapter
  • First Online:
Revitalization of Waqf for Socio-Economic Development, Volume II

Abstract

The objective of this research is to study the significance of payment methods among cash waqf donors in Malaysia. This study used online web survey to collect data. The respondents of the study consisted of cash waqf donors, and we sent the online questionnaire using convenient sampling technique in Penang, Selangor and Johor. An analytic hierarchy process (AHP) method was utilized as the primary analytical device where the method of aggregate individual priority (AIP)—weighted geometric mean method (WGMM) is applied. The findings suggested that the online payment and cash methods were the first and second most preferred means respectively for donors to pay cash waqf. Meanwhile, the use of postal order and cheque scored the least precedence compared to other waqf payment methods. Undoubtedly, this paper has certain limitations where the variables, one of the payment methods must be referred to SIRC, unlike methods offered by private bodies such as by debit card and credit card. Thus, future research should add more variables to acquire deeper findings. Cash waqf trustees or fundraisers would be able to focus on the types of payment methods that obtained high priority rates to meet donor’s expectation. This study can be significantly discerned from both the theoretical and the practical perspectives. From a theoretical perspective, this study was expected to fulfil the knowledge gap in the literature of waqf studies and the AHP methodology. There was still no study that covered the priority of payment methods among waqf donors.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 199.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    http://bpmsg.com/academic/ahp_calc.php.

References

  • Alias, T. A., & Diaw, A. (2011). Unleashing the Potential of the waqf as an Economic Institution in Malaysia: Policy, Legal and Economic Reforms.

    Google Scholar 

  • Amin, H., Abdul-Rahman, A.-R., Ramayah, T., Supinah, R., & Mohd-Aris, M. (2014). Determinants of Online Waqf Acceptance: An Empirical Investigation. The Electronic Journal on Information Systems in Developing Countries, 60(8), 1–18.

    Article  Google Scholar 

  • Ammar, A. M. (2006). Waqf al-nuqud wa al-awraq al-maliyyah, A’mal Muntada Qadaya al-Waqf al-Fiqhiyyah al-Thaniyyah, Tahddiyyat Asriyyahwa Ijtihadat Shar’yyah, IDBand Kuwait Awqaf Public Foundation, Kuwait.

    Google Scholar 

  • Angrisani, M., Foster, K., & Hitczenko, M. (2013). The 2010 Survey of Consumer Payment Choice: Technical Appendix. Boston.

    Google Scholar 

  • Angrisani, M., Kapteyn, A., & Schuh, S. (2012). Measuring Household Spending and Payment Habits: The Role of “Typical” and “Specific” Time Frames in Survey Questions. Consumer Payments Research Center. Boston. Retrieved from http://www.nber.org/chapters/c12672.pdf.

  • Blackbaud. (2012). Donor Perspectives: An Investigation into What Drives Your Donors to Give. Charleston.

    Google Scholar 

  • Blackbaud. (2013). The Next Generation of American Giving. Charleston.

    Google Scholar 

  • Boersma, J., & Burgers, G. (2013). Dealing with Digital Donations Platforms. The Netherlands.

    Google Scholar 

  • Borzekowski, R., Kiser, E. K., & Ahmed, S. (2008). Consumers’ Use of Debit Cards: Patterns, Preferences, and Price Response. Journal of Money, Credit and Banking, 40(1), 149–172.

    Article  Google Scholar 

  • Bushan, N., & Rai, K. (2004). Strategic Decision Making (R. Roy, Ed.). London: Springer. http://doi.org/10.1007/b97668.

    Google Scholar 

  • Ciptomulyono, U. (2008). Fuzzy Goal Programming Approach for Deriving Priority Weights in the Analytical Hierarchy Process (AHP) Method. Journal of Applied Sciences, 4(2), 171–177.

    Google Scholar 

  • Çizakça, M. (1998). Awqaf in History and Its Implications for Modern Islamic Economies. Islamic Economic Studies, 6(1), 43–70.

    Google Scholar 

  • Çizakça, M. (2000). A History of Philanthropic Foundations: The Islamic World from the Seventh Century to the Present (1st ed.). Istanbul: Bogazici University Press.

    Google Scholar 

  • Çizakça, M. (2004). Ottoman Cash Waqfs Revisited: The Case of Bursa 1555–1823. Foundation for Science Technology and Civilization, 1–20. Retrieved from http://www.fstc.co.uk.

  • Crane, R., Escobar, J., & Sornette, D. (2005). The Donation-Payment Gift Card Concept: How to Give Twice With One Card. California.

    Google Scholar 

  • de Carmo, D. K. S., Marins, F. A. S., Salomon, V. A. P., & Mello, C. H. P. (2013). On the Aggregation of Individual Priorities in Incomplete Hierarchies. Proceedings of the International Symposium on the Analytic Hierarchy Process.

    Google Scholar 

  • European Central Bank. (2012). Payment Statistics for 2011.

    Google Scholar 

  • First Data and Market Strategies International. (2011). Payment Methods: What International Consumers Want, Need and Expect.

    Google Scholar 

  • Forman, E. H., & Peniwati, K. (1998). Aggregating Individual Judgments and Priorities with the Analytic Hierarchy Process. European Journal of Operational Research, 108(1), 165–169.

    Article  Google Scholar 

  • Foster, K., Schuh, S., & Zhang, H. (2013). The 2010 Survey of Consumer Payment Choice. Boston.

    Google Scholar 

  • Ibn Manzur, M. I. M. (1990). Lisan al-„Arab, jld. 9. Beirut: Dar Sadr, hal. 359.

    Google Scholar 

  • ISAHP. (2016). What Is the Appropriate Sample Size to Run Analytic Hierarchy Process in A Survey-Based Research? In International Symposium on the Analytic Hierarchy Process. London.

    Google Scholar 

  • Mohsin, I. A. (2013). Financing Through Cash-Waqf: A Revitalization to Finance Different Needs. International Journal of Islamic and Middle Eastern Finance and Management, 6(4), 304–321. https://doi.org/10.1108/IMEFM-08-2013-0094.

    Article  Google Scholar 

  • Jabatan Arkib Negara. (2012). Pelancaran Rasmi Jabatan Wakaf, Zakat Dan Haji (Jawhar). Retrieved 2 January 2015, from http://hids.arkib.gov.my/print.php?type=A&item_id=7400.

  • JAKIM. (1982). Saham Wakaf dan Wakaf gantian.

    Google Scholar 

  • Kahf, M. (1998). Financing the Development of Awqaf Property. Paper presented at the Seminar on Development of Awqaf, IRTI, Kuala Lumpur, pp. 2–4.

    Google Scholar 

  • Kahf, M. (1999). Towards the Revival of Awaqf: A Few Fiqh Issues to Reconsider. In Harvard Forum on Islamic Finance and Economics. London: Harvard University.

    Google Scholar 

  • Laldin, M. A., Mahmud, M. W., & Sawari, M. F. (2008). Maqasid Syariah dalam Pelaksanaan Waqaf. Jurnal Pengurusan Jawhar, 2(2), 1–24.

    Google Scholar 

  • Mahamood, S. M. (2006). Waqf in Malaysia: Legal and Administrative Perspectives. Kuala Lumpur, Malaysia: Universiti Malaya Press.

    Google Scholar 

  • Mahamood, S. M. (2007). Pembentukan Dana Wakaf Menurut Perspektif Syariah dan Undang-Undang Serta Aplikasinya di Malaysia. Jurnal Syariah, 15(2), 61–83.

    Google Scholar 

  • Malaysian Accounting Standards Board. (2014). Waqf. Kuala Lumpur.

    Google Scholar 

  • Mohammad, M. T. S. (2004). The Concept and Objective of Waqf (Shariah Law Reports, 10).

    Google Scholar 

  • Mohammad, M. T. S. (2015). Theoretical and Trustees’ Perspectives on the Establishment of an Islamic Social (Waqf) Bank. Humanomics, 31(1), 37–73. https://doi.org/10.1108/H-05-2013-0032.

    Article  Google Scholar 

  • Mohammad, M. T. S., Mar Iman, A. H., & Omar, I. (2005). An Ideal Financial Mechanism for the Development of the Waqf Properties in Malaysia. Johor Bahru.

    Google Scholar 

  • Mohd Ali, N., Ahmad, R., & Ahmad Mahdzan, N. S. (2015). The Need of an Effective Business Model for Waqf Land Development in Malaysia. In 20th International Research Conference on Business, Economics, and Social Sciences.

    Google Scholar 

  • Mohd Isa, M. (2014). The Acceptance of Online Waqf in Islamic Banking Institutions. Universiti Utara Malaysia.

    Google Scholar 

  • Mokhtar, F. M., Sidin, E. M., & Razak, D. A. (2015). Operation of Cash Waqf in Malaysia and its Limitations. Journal of Islamic Economics, Banking and Finance, 11(4), 100–114.

    Article  Google Scholar 

  • National Automated Clearing HouseAssociation. (2000). Cash, Checks, Credit Card, Debit Card, and ATM Data from Bank for International Settlements. Retrieved from http://www.nacha.org.

  • Osman, A. F., Htay, S. N. N., & Muhammad, M. O. (2012). Determinants of Cash Waqf Giving in Malaysia: Survey of Selected Works. In Workshop Antarbangsa Pembangunan Berteraskan Islam V. Medan, Indonesia. Retrieved from http://irep.iium.edu.my/28284/1/DETERMINANTS_OF_CASH_WAQF_GIVING_IN_MALAYSIA.pdf%5Cnhttp://irep.iium.edu.my/28284/.

    Google Scholar 

  • Ossadnik, W., Schinke, S., & Kaspar, R. H. (2016). Group Aggregation Techniques for Analytic Hierarchy Process and Analytic Network Process: A Comparative Analysis. Group Decision and Negotiation, 25(2), 421–457. https://doi.org/10.1007/s10726-015-9448-4.

    Article  Google Scholar 

  • Othman, M. Z. (1982). Islamic Law with Special Reference to the Institution of Waqf. Kuala Lumpur: Bahagian Hal Ehwal Islam, Jabatan Perdana Menteri.

    Google Scholar 

  • Pitchay, A. A. (2015). The Role of Cash Waqf in Rejuvenation of Malaysian Waqf Assets. Kuala Lumpur: International Islamic University Malaysia.

    Google Scholar 

  • Pitchay, A. A., Meera, A. K. M., & Saleem, M. Y. (2015). Factors Influencing the Behavioral Intentions of Muslim Employees to Contribute to Cash-Waqfn Through Salary Deductions. JKAU: Islamic Econ, 28(1), 63–98. http://doi.org/10.4197/Islec.28-1.3.

  • Pitchay, A. A., Mydin Meera, A. K., & Saleem, M. Y. (2014). Priority of Waqf Development Among Malaysian Cash Waqf Donors: An AHP Approach. Journal of Islamic Finance, 3(1), 13–22. http://doi.org/2289-2117(O)/2289-2109(P).

  • Harun, R., Isa, Z. M., & Ali, N. (2012). Preliminary Findings on Waqf Management Practices among Selected Muslim Countries. International Conference on Economics Marketing and Management, 28, 117–120.

    Google Scholar 

  • Ramanathan, R., & Ganesh, L. S. (1994). Group preference aggregation methods employed in AHP: An evaluation and an intrinsic process for deriving members’ weightages. European Journal of Operational Research, 79(2), 249–265.

    Article  Google Scholar 

  • Saaty, T. L. (1982). Decision Making for Leaders: The Analytical Hierarchy Process for Decisions in a Complex World. Belmont: Lifetime Learning Publications.

    Google Scholar 

  • Saaty, T. L., & Kearns, K. P. (1985). Analytical Planning: The Organization of Systems (Vol. 1). Oxford: Pergamon.

    Google Scholar 

  • Saaty, T. L., & Peniwati, K. (2008). Group Decision Making: Drawing Out and Reconciling Differences. Pittsburgh: RWS Publications.

    Google Scholar 

  • Saaty, T. L., & Vargas, L. G. (2001). Models, Methods, Concepts & Applications of the Analytic Hierarchy Process. Springer Science & Business Media (Vol. 175). http://doi.org/10.1007/978-1-4615-1665-1.

    Book  Google Scholar 

  • Sadeq, A. M. (2002). Waqf, Perpetual Charity and Poverty Alleviation. International Journal of Social Economics, 29(1–2), 135–151. https://doi.org/10.1108/03068290210413038.

    Article  Google Scholar 

  • Saifuddin, F., Kayadibi, S., Polat, R., Fidan, Y., & Kayadibi, O. (2014). The Role of Cash Waqf in Poverty Alleviation: Case of Malaysia. International Journal of Business, Economics and Law, 4(1), 272–289.

    Google Scholar 

  • Sanusi, S., & Shafiai, M. H. M. (2015). The Management of Cash Waqf: Toward Socio-Economic Development of Muslims in Malaysia. Jurnal Pengurusan, 43, 3–12.

    Article  Google Scholar 

  • Sargeant, A., & Farthing, P. (2005, March). Donor Commitment—What Is It, What Drives It and Why Does It Matter? Charity Times, 20–24.

    Google Scholar 

  • Sargeant, A., & Jay, E. (2011). Redefining Commitment.

    Google Scholar 

  • Sargeant, A., & Woodliffe, L. (2005). The Antecedents of Donor Commitment to Voluntary Organizations. Nonprofit Management and Leadership, 16(1), 61–78. https://doi.org/10.1002/nml.90.

    Article  Google Scholar 

  • Schreft, S. L. (2006). How and Why Do Consumers Choose Their Payment Methods? (RWP 06-04). Kansas City.

    Google Scholar 

  • Sirpal, R. (2009). Methods of Payment and Foreign-Exchange Risk Management Among Firms in Brunei Darussalam. The Journal of Risk Finance, 10(4), 377–392. https://doi.org/10.1108/15265940910980678.

    Article  Google Scholar 

  • Stirn, L. Z., & Groselj, P. (2013). Estimating Priorities in Group AHP Using Interval Comparison Matrices. Multiple Criteria Decision Making, 8, 143–159.

    Google Scholar 

  • Taylor, G. M., & Anderson, D. M. (2008). Hard Times Ahead: Creating Alternative Revenue Streams for Extension. Journal of Extension, 46(4), Article 4FEA3.

    Google Scholar 

  • Teknomo, K. (2006). Analytic Hierarchy Process (AHP) Tutorial.

    Google Scholar 

  • Wright, M. (2002). Patterns of Purchase Loyalty for Retail Payment Methods. International Journal of Bank Marketing, 20(7), 311–316. https://doi.org/10.1108/02652320210451205.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Labuan Faculty of International Finance, Universiti Malaysia Sabah, Labuan, Malaysia

    Mohamad Isa Abd Jalil

  2. School of Management, Universiti Sains Malaysia, Penang, Malaysia

    Anwar Allah Pitchay

  3. Graduate School of Business, Universiti Sains Malaysia, Penang, Malaysia

    Sofri Yahya

Authors
  1. Mohamad Isa Abd Jalil
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Anwar Allah Pitchay
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Sofri Yahya
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Mohamad Isa Abd Jalil .

Editor information

Editors and Affiliations

  1. Islamic Research and Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia

    Khalifa Mohamed Ali

  2. Department of Economics and Finance, University of New Orleans, New Orleans, LA, USA

    M. Kabir Hassan

  3. Islamic Research and Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia

    Abd elrahman Elzahi Saaid Ali

Rights and permissions

Reprints and permissions

Copyright information

© 2019 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Jalil, M.I.A., Pitchay, A.A., Yahya, S. (2019). Cash Waqf and Preferred Method of Payment: Case of Malaysia Using an AHP Approach. In: Ali, K., Hassan, M., Ali, A. (eds) Revitalization of Waqf for Socio-Economic Development, Volume II. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-18449-0_10

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-18449-0_10

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-18448-3

  • Online ISBN: 978-3-030-18449-0

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation