Waqf Model and Sustainability of Tourism Industry: Malaysian and Indonesian Perspectives

Ririn Tri Ratnasari, Shafinar Ismail, Mohd Halim Mahphoth, Nisful Laila, Putri Aliah Mohd Hidzir

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

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.

Original languageEnglish
Title of host publicationAIP Conference Proceedings
EditorsRafiza Abd Razak, Mohd Mustafa Al Bakri Abdullah, Shayfull Zamree Abd Rahim, Muhamad Farizuan Rosli, Subaer J., Muhammad Faheem Mohd Tahir
PublisherAmerican Institute of Physics
Edition1
ISBN (Electronic)9780735448377
DOIs
Publication statusPublished - 19 Apr 2024
Event9th International Conference on Advanced Material Engineering and Technology, ICAMET 2021 - Virtual, Online, Malaysia
Duration: 20 Dec 202121 Dec 2021

Publication series

NameAIP Conference Proceedings
Number1
Volume2799
ISSN (Print)0094-243X
ISSN (Electronic)1551-7616

Conference

Conference9th International Conference on Advanced Material Engineering and Technology, ICAMET 2021
Country/TerritoryMalaysia
CityVirtual, Online
Period20/12/2121/12/21

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