The analysis of waqf reporting practices and waqf information disclosure: A study at Perbadanan Wakaf Selangor, Malaysia
Document Type
Article
Publication Date
1-1-2022
Abstract
Disclosure of information related to waqf in the annual financial report is crucial to increase the level of confidence amongst Muslim communities and stakeholders in waqf institution. Due to the non-transparency and lack of disclosure by waqf institutions, it is difficult to ascertain whether the donated waqf assets can be utilized properly or otherwise. The objective of this study was to identify the practice of waqf information disclosure at Perbadanan Wakaf Selangor (PWS) from 2014 until 2019. This study is quantitative in nature by applying the content analysis method which focuses on counting and measuring themes in annual reports. This study found that PWS has successfully disclosed a good, transparent and quality waqf financial reporting as it obtained 86 in the waqf reporting disclosure index each year. The study’s findings concluded that PWS followed the standards and reporting format set by the accounting body and successfully disclosed full information to stakeholders and the Muslim community in Malaysia. © 2022 Conscientia Beam. All Rights Reserved.
Keywords
Endowment, Religious institution, Waqf accounting, Waqf disclosure, Waqf reporting
Divisions
DeptofSyariahManagement
Funders
Akademi Pengajian Islam Universiti Malaya,UMG001L-2021,Geran Khas Penyelidikan
Publication Title
Humanities and Social Sciences Letters
Volume
10
Issue
4
Publisher
Conscientia Beam
Additional Information
Cited by: 0; All Open Access, Bronze Open Access