Acceptance of cash waqf among muslims in Kelantan: a case study of Bank Muamalat Malaysia Berhad

Abstract

Bank Muamalat Malaysia Berhad (BMMB) Kelantan branch had joined hand with MAIK to start MAIK-Muaamalat waqf where BMMB will be able to include waqf elements in its products. The purpose of this study is to understand the acceptance ofcash waqf among Muslims in Kelantan through a case study of BMMB. In studyingthe acceptance of cash waqf, three influencing variables have been identified which are awareness, religiosity and attitude. There are a total of six branches of BMMB in Kelantan that the researchers have interviewed for the purpose data collection. The results had shown that the acceptance of cash waqf in Kelantan is influenced by the three variables. The researchers were subjected to time and money constraints which resulted in the limitation of the study and focused on BMMB. Through the research, the researchers hope to enlighten the Muslims in Kelantan as well as relevant organizations towards the factors that would enhance the acceptance of cash waqf in Kelantan. The research takes on a new approach towards cash waqf studies by applying a qualitative approach towards the cash waqf operators.