The Influence of Religiosity, Disclosure of Waqf Fund Management Information and Individual Motivation on Islamic Banking Waqf Fund Participation

Main Article Content

Dewi Intan
Nunung Nurhayati
Pupung Purnamasari

Abstract

This research aims to examine the influence of religiosity, disclosure of waqf fund management information, and individual motivation on participation in Islamic bank waqf funds, focusing on customers of Indonesian Islamic Banks in Bandung City. Using secondary data and a probability sampling technique, specifically stratified random sampling, Cochran's formula determined a sample size of 220 respondents. Data analysis involved descriptive techniques using a Likert scale of 1-5 and verification techniques using Structural Equation Modeling (SEM) with the Partial Least Squares (PLS) method. The outer model was evaluated for validity and reliability, while the inner model was assessed by the percentage of variance, with hypothesis testing conducted via Bootstrapping using SmartPLS. Findings indicate that religiosity and individual motivation both have significant positive effects on participation in waqf funds, while disclosure of waqf fund management information does not significantly affect participation. This study contributes original insights by revealing the distinct impacts of these factors on waqf fund participation, providing new knowledge in this area.

Article Details

Section
Articles

References

Ab Shatar, W. N., Hanaysha, J. R., & Tahir, P. R. (2021). Determinants of cash waqf fund collection in Malaysian Islamic banking institutions: empirical insights from employees’ perspectives. ISRA International Journal of Islamic Finance, 13(2), 177-193.

Abd Jalil, M. I., Yahya, S., & Pitchay, A. A. (2023a). The Effect of Information Disclosure on Donor Commitment: The Case of Waqf Institution. Asian Academy of Management Journal, 28(1), 1-32.

Abd Jalil, M. I., Yahya, S., & Pitchay, A. A. (2023b). The Effect of Information Disclosure on Donor Commitment: The Case of Waqf Institution. Asian Academy of Management Journal, 28(1).

Abduh, M. (2019). The role of Islamic social finance in achieving SDG number 2: end hunger, achieve food security and improved nutrition and promote sustainable agriculture. Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC).

Abdullah, A.-T. M. (2010). Ensiklopedi Islam Al-Kamil. Darus Sunnah Press.

Ajzen, I. (1991). The theory of planned behavior, organizational behavior and human decision processes, vol. 50. Cited in Hansen, 93-114.

Almahmudi, N. M. t. (2020). Implikasi Instrumen Non-Zakat (Infaq, Sedekah, dan Wakaf) terhadap Perekonomian dalam Perkembangan Hukum Ekonomi Syariah. Al-Huquq: Journal of Indonesian Islamic Economic Law,, 2(1), 30-47.

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 of Information Systems in Developing Countries, 60(1), 1-18.

Aristoni, A. (2018). Problematika Peran Perbankan Dalam Regulasi Kelembagaan Pengelolaan Zakat. ZISWAF: Jurnal Zakat Dan Wakaf, 5(1), 99-119.

Atan, R., Zainon, S., & Wah, Y. B. (2012). Quality information by charity organizations and its relationship with donations. Recent advances in business administration, 6, 118-123.

Aziz, M. R. A., & Nordin, N. I. (2015). Perception towards planning of waqf, wasiyyah and faraid in Islamic wealth distribution: Malaysian perspective. Journal of Scientific Research and Development.

Bassir, N. F., Zakaria, Z., Hasan, H. A., & Alfan, E. (2014). Factors influencing the adoption of Islamic home financing in Malaysia. Transformations in business and economics, 13(1), 155-174.

BWI. (2022a). Analisis Kinerja Pengelolaan Wakaf Nasional.

BWI. (2022b). Analisis Kinerja Pengelolaan Wakaf Nasional 2022.

Emmons, R. A., & Paloutzian, R. F. (2003). The psychology of religion. Annual review of psychology, 54(1), 377-402.

Faisal, M. (2020). Sikap, norma subjektif, religiusitas, dan partisipasi terhadap wakaf tunai. Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam, 4(2), 235-250.

Faradila, A., & Ramadani, A. (2023). Potensi Wakaf sebagai Islamic Social Finance dalam Pemulihan Ekonomi Indonesia Pasca Pandemi Covid-19. Diponegoro Journal of Islamic Economics and Business, 2(1), 1-21.

Firdaus, H. (2017). Sedekah dalam Persfektif Al-Quran (Suatu Tinjauan Tafsir Maudhu’i). Ash-Shahabah: Jurnal Pendidikan Dan Studi Islam, 3(1), 88-100.

Ghozali, I., & Hengki, L. (2014). Partial Least Square (PLS) konsep teknik dan aplikasi. Semarang: Universitas Diponegoro Semarang.

Hair Jr, J. F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. G. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European business review, 26(2), 106-121.

Haryati, S., Azmi, I. N., Perdhana, A. I., Prasetianingrum, S., Sutisman, E., Rahayu, D., . . . Dasinapa, M. B. (2024). MEMAHAMI AKUNTANSI: Teori dan Aplikasi dalam Dunia Bisnis. Yayasan Literasi Sains Indonesia.

Hutomo, D. N. (2019). Pengaruh Motivasi, Persepsi, Sikap, Religiusitas, Pengetahuan Terhadap Keputusan Wakif Dalam Melakukan Wakaf (Studi Kasus: Kecamatan Serpong) Jakarta: Fakultas Ekonomi Dan Bisnis UIN Syarif Hidayatullah].

Indonesia, B. W. (2021). Gerakan nasional wakaf uang. BWI. Retrieved 10 Desember from https://www.bwi.go.id/5806/2021/01/21/gerakan-nasional-wakaf-uang-2021/

Johari, F., Alias, M. H., Shukor, S. A., Abd Wahab, K., Aziz, M. R. A., Ahmad, N., . . . Ibrahim, P. (2015). Factors that Influence Repeat Contribution of Cash Waqf in Islamic Philanthropy. Malaysian accounting review, 14(2).

Johnson, B. R., Larson, D. B., De Li, S., & Jang, S. J. (2000). Escaping from the crime of inner cities: Church attendance and religious salience among disadvantaged youth. Just. Q., 17, 377.

Justine, N. I. B., & Abd Jalil, M. I. (2022). Repeated Giving of Cash Waqf: A Case Study of Sabah, Malaysia. Journal of Islamic Monetary Economics and Finance, 8, 107-124.

Kasri, R. A., & Chaerunnisa, S. R. (2022). The role of knowledge, trust, and religiosity in explaining the online cash waqf amongst Muslim millennials. Journal of Islamic Marketing, 13(6), 1334-1350.

Kassim, M., Embi, N. A. C., Haron, R., & Ibrahim, K. (2019). Internal factors affecting continuous donations among cash waqf donors. International Journal of Academic Research in Business and Social Sciences, 9(9), 1304-1311.

Kemenkeu. (2019). Strategi Pengembangan Wakaf Uang dalam Rangka Pendalaman Pasar Keuangan Syariah. Kementerian Keuangan. Retrieved 12 Desember from https://fiskal.kemenkeu.go.id/kajian/2019/12/20/155813610857736-strategi-pengembangan-wakaf-uang-dalam-rangka-pendalaman-pasar-keuangan-syariah

Kober, R., & Thambar, P. J. (2021). Coping with COVID-19: the role of accounting in shaping charities' financial resilience. Accounting, Auditing & Accountability Journal, 34(6), 1416-1429.

Nour Aldeen, K., Ratih, I. S., & Sari Pertiwi, R. (2022). Cash waqf from the millennials' perspective: a case of Indonesia. ISRA International Journal of Islamic Finance, 14(1), 20-37.

Osman, A. Z., & Agyemang, G. (2020). Privileging downward accountability in Waqf management. Journal of Islamic Accounting and Business Research, 11(3), 533-554.

Parsons, L. M. (2007). The impact of financial information and voluntary disclosures on contributions to not‐for‐profit organizations. Behavioral research in accounting, 19(1), 179-196.

Rahayu, D. (2024). Personal Values, Ethical Orientation, and Ethical Behavior in Accounting Students as Prospective Professional Accountants. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 10(1), 1-12.

Rizal, H., & Amin, H. (2017). Perceived ihsan, Islamic egalitarianism and Islamic religiosity towards charitable giving of cash waqf. Journal of Islamic Marketing, 8(4), 669-685.

Rusydiana, A. S., Riani, R., & Mi'raj, D. (2022). Cash Waqf through Islamic Banks. International Journal of Waqf, 2(2).

Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. john wiley & sons.

Shaikh, S. A., Ismail, A. G., & Mohd Shafiai, M. H. (2017). Application of waqf for social and development finance. ISRA International Journal of Islamic Finance, 9(1), 5-14.

Shukor, S. A., Anwar, I. F., Aziz, S. A., & Sabri, H. (2017). Muslim attitude towards participation in cash waqf: Antecedents and consequences. International Journal of Business and Society, 18(S1), 193-204.

Siregar, S., & Ridwan, M. (2022). Proposed Model of Sharia Bank Share Ownership through Waqf Funds. Italienisch, 12(1), 227-236.

Skarmeas, D., & Shabbir, H. A. (2011). Relationship quality and giving behaviour in the UK fundraising sector: Exploring the antecedent roles of religiosity and self‐construal. European Journal of Marketing, 45(5), 720-738.

Sugianto, S. (2019). Pengelolaan Harta Masyarakat Kelas Menengah Muslim Kota Medan Dengan Pendekatan Islamic Wealth Management. HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam, 1(6).

Sugianto, S., Soemitra, A., Yafiz, M., Dalimunthe, A. A., & Ichsan, R. N. (2022). The implementation of waqf planning and development through Islamic financial institutions in Indonesia. JPPI (Jurnal Penelitian Pendidikan Indonesia), 8(2), 275-288.

Sugiyono. (2013). Metode penelitian pendidikan pendekatan kuantitatif, kualitatif dan R&D. Alfabeta.

Utomo, S. B., Masyita, D., & Hastuti, F. (2020). Why cash waqf fails to meet the expectation: Evidence from Indonesia. Journal of Islamic Economic Studies, October.

Yuniawati, R. I., Fitria, F., Himawan, I. S., Maryadi, A. F., Rahayu, D., Kurniawan, R., . . . Rahmadi, R. (2023). Akuntansi Manajemen. Penerbit Widina.

Zain, N. R. M., Mahadi, N. F., & Noor, A. M. (2019). The Potential in Reviving Waqf through Crowdfunding Technology: The Case Study. Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC).

Zainon, S., Atan, R., Wah, Y. B., & Nam, R. Y. T. (2011). Institutional donors’ expectation of information from the Non-Profit Organizations (NPOs) reporting: A pilot survey. International NGO Journal, 6(8), 170-180.