The institutional of Waqf in Malaysia: Awareness, accountability and transparency towards performance and economic growth.

Abstract

Nowadays, waqf has been an important institution for Muslim economic well being. Based on history, waqf has been successfuly practice in the sixteenth-century during the Ottoman empire (Toraman et aI., 2004). Unfortunately, various studies found that there are still an ongoing issue of accountability and transparency of the waqf trustees. As a result, the standard waqf accounting should be enforced to complement the issues. As such, this study attempts to investigate the degree of awareness towards vitality of cash waqf