TY - GEN
T1 - Waqf Model and Sustainability of Tourism Industry
T2 - 9th International Conference on Advanced Material Engineering and Technology, ICAMET 2021
AU - Ratnasari, Ririn Tri
AU - Ismail, Shafinar
AU - Mahphoth, Mohd Halim
AU - Laila, Nisful
AU - Hidzir, Putri Aliah Mohd
N1 - Publisher Copyright:
© 2024 American Institute of Physics Inc.. All rights reserved.
PY - 2024/4/19
Y1 - 2024/4/19
N2 - The tourism industry is among the largest contributor to the Malaysian and Indonesian economies. Aggressive measures have been taken to boost both countries as a leader in the tourism sector. To sustain the growing tourism industry, the government would have to increase its spending. Due to restricted budgetary resources, one choice for reducing government spending is to utilize the waqf model as an alternative mechanism that can assist the government in reducing spending. Waqf also aims to fulfill the social needs of the community besides it is an innovative way to fund the tourism industry without relying on government funding. Thus, this study attempts to address whether the waqf model can help the government of Malaysia and Indonesia to sustain the tourism industry. This study adopts the qualitative approach, through semi-structured interviews was conducted to generate items for a survey. Next, for quantitative, data were collected using an online questionnaire survey to gain input from a broader population. The sampling procedure adopted was purposive sampling. The study found that the waqf model can be used to sustain the tourism industry as well as waqf model can help the government reduce expenditure for the tourism industry. The contributions from the findings can be used by both countries, Malaysia and Indonesia, to enhance the application of the waqf model in many sectors, including tourism. This certainly will have major impacts on the economy for both countries. Therefore, it ensures long-term economic operations that will benefit communities and socio-economic activities.
AB - The tourism industry is among the largest contributor to the Malaysian and Indonesian economies. Aggressive measures have been taken to boost both countries as a leader in the tourism sector. To sustain the growing tourism industry, the government would have to increase its spending. Due to restricted budgetary resources, one choice for reducing government spending is to utilize the waqf model as an alternative mechanism that can assist the government in reducing spending. Waqf also aims to fulfill the social needs of the community besides it is an innovative way to fund the tourism industry without relying on government funding. Thus, this study attempts to address whether the waqf model can help the government of Malaysia and Indonesia to sustain the tourism industry. This study adopts the qualitative approach, through semi-structured interviews was conducted to generate items for a survey. Next, for quantitative, data were collected using an online questionnaire survey to gain input from a broader population. The sampling procedure adopted was purposive sampling. The study found that the waqf model can be used to sustain the tourism industry as well as waqf model can help the government reduce expenditure for the tourism industry. The contributions from the findings can be used by both countries, Malaysia and Indonesia, to enhance the application of the waqf model in many sectors, including tourism. This certainly will have major impacts on the economy for both countries. Therefore, it ensures long-term economic operations that will benefit communities and socio-economic activities.
UR - http://www.scopus.com/inward/record.url?scp=85192007983&partnerID=8YFLogxK
U2 - 10.1063/5.0182331
DO - 10.1063/5.0182331
M3 - Conference contribution
AN - SCOPUS:85192007983
T3 - AIP Conference Proceedings
BT - AIP Conference Proceedings
A2 - Razak, Rafiza Abd
A2 - Abdullah, Mohd Mustafa Al Bakri
A2 - Rahim, Shayfull Zamree Abd
A2 - Rosli, Muhamad Farizuan
A2 - J., Subaer
A2 - Tahir, Muhammad Faheem Mohd
PB - American Institute of Physics
Y2 - 20 December 2021 through 21 December 2021
ER -