Examining the Intention to Participate in Waqf Among Malaysian and Indonesia Small Medium Entrepreneurs

The role of small and medium enterprises has been growing significantly over the decades. This has reaffirmed the importance of SMEs as the backbone of the Malaysian and Indonesia economy, providing jobs and opportunities for growth. Waqf has also been recognized as a basic economic institution that generates economic activity while also guaranteeing that the benefits flow to specific segments of society. Therefore, this study aims to assess SMEs' intention to participate in waqf, involving two countries which are Malaysia, and Indonesia. A number of 165 valid questionnaires had been analysed using Statistical Package for the Social Sciences (SPSS). The study found that both knowledge and attitude were significant towards entrepreneur' intention to participate in waqf. Religiosity, however, was found to be insignificant. This indicates that one's religious views do not necessarily influence their intention to participate in waqf, since they acknowledge that their contribution aids community development. This study contributes to literature by investigating the religiosity, knowledge, and attitude on intention to participate in waqf among SMEs in Malaysia and Indonesia and the findings are helpful and useful in term of assessing SMEs' intention to participate in waqf. Therefore, both countries should take the initiatives to provide training to equip SMEs with extensive knowledge through multiple platform in order to further encourage their participation on waqf.