TY - JOUR
T1 - A qualitative investigation into crowdfunding framework as a source of financing for waqf land development
AU - Hapsari, Meri Indri
AU - Bin Mohd Thas Thaker, Mohamed Asmy
AU - Mohammed, Mustafa Omar
AU - Duasa, Jarita
N1 - Publisher Copyright:
© 2021, Emerald Publishing Limited.
PY - 2022/3/11
Y1 - 2022/3/11
N2 - Purpose: This paper aims to inquire about the opinions and recommendations of various experts on the crowdfunding waqf model (CWM), particularly in terms of its suitability, applicability and prospect in the market. Design/methodology/approach: This paper used primary data which are collected from semi-structured interviews conducted with several experts from various backgrounds. For examining the data, this paper has used thematic analysis. Findings: The experts support the suitability of CWM in providing financing resource to develop waqf lands. They highlight the importance of establishing, managing and operating CWM under the aegis of the State Islamic Religious Council in Malaysia and supervising by the Wakaf, Zakat or Hajj Department (JAWHAR). They further point out that the donors or crowdfunders, interesting project, promotion and regulation are key factors that influence the sustainability of CWM. Originality/value: This paper adds to the literature on waqf land and crowdfunding, especially from the Malaysian context. This paper validates the CWM in terms of its suitability, applicability and prospect in the market by interviewing experts from various backgrounds.
AB - Purpose: This paper aims to inquire about the opinions and recommendations of various experts on the crowdfunding waqf model (CWM), particularly in terms of its suitability, applicability and prospect in the market. Design/methodology/approach: This paper used primary data which are collected from semi-structured interviews conducted with several experts from various backgrounds. For examining the data, this paper has used thematic analysis. Findings: The experts support the suitability of CWM in providing financing resource to develop waqf lands. They highlight the importance of establishing, managing and operating CWM under the aegis of the State Islamic Religious Council in Malaysia and supervising by the Wakaf, Zakat or Hajj Department (JAWHAR). They further point out that the donors or crowdfunders, interesting project, promotion and regulation are key factors that influence the sustainability of CWM. Originality/value: This paper adds to the literature on waqf land and crowdfunding, especially from the Malaysian context. This paper validates the CWM in terms of its suitability, applicability and prospect in the market by interviewing experts from various backgrounds.
KW - Crowdfunding
KW - Crowdfunding waqf model (CWM)
KW - Financing of waqf
KW - Sustainable infrastructure
KW - Thematic analysis
KW - Waqf land
UR - http://www.scopus.com/inward/record.url?scp=85121325053&partnerID=8YFLogxK
U2 - 10.1108/JIABR-10-2020-0311
DO - 10.1108/JIABR-10-2020-0311
M3 - Article
AN - SCOPUS:85121325053
SN - 1759-0817
VL - 13
SP - 425
EP - 443
JO - Journal of Islamic Accounting and Business Research
JF - Journal of Islamic Accounting and Business Research
IS - 3
ER -