Waqf accounting practices by Malaysian Islamic religious councils / Siti Rokyah Md Zain, Ros Norita Abd Samad and and Nor Ashikin Yusof

Md Zain, Siti Rokyah and Abd Samad, Ros Norita and Yusof, Nor Ashikin (2012) Waqf accounting practices by Malaysian Islamic religious councils / Siti Rokyah Md Zain, Ros Norita Abd Samad and and Nor Ashikin Yusof. Social and Management Research Journal, 9 (1). pp. 55-72. ISSN 1675-7017

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Abstract

Issues related to the administration anddevelopment of waqf properties have been the centre of discussion among Islamic scholars. The objective of this study was to investigate the accounting of waqf assets as practiced by the State Islamic Religious Councils (SIRCs) in Malaysia. The study examined the perception of respondents who were involved directly in managing waqf. Ten self-developed questionnaires were posted to each of the 14 SIRCs in Malaysia. A total of 56 officers responded to the questionnaire. The result indicated that SIRCs did not maintain proper waqfassets accounts, which consequently delayed their financial reports. Generally, there were no allocation of depreciation and 110 evidence of separate accounts for specific waqf and general waqf. The paper contributes towards a deeper understanding of waqf accounting as being practiced by SIRCs, hence, providing a good foundation for ways to improve the reporting and management of waqf assets.

Item Type: Article
Creators:
CreatorsEmail
Md Zain, Siti Rokyahrosn0355@tganu.uitm.edu.my
Abd Samad, Ros NoritaUNSPECIFIED
Yusof, Nor AshikinUNSPECIFIED
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Waqf. Awqāf. Charities. Endowments
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Periodicals. Societies. Serials
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Managerial accounting > Malaysia
Divisions: Research Management Institute (RMI)
Journal or Publication Title: Social and Management Research Journal
ISSN: 1675-7017
Volume: 9
Number: 1
Page Range: pp. 55-72
Item ID: 13104
Uncontrolled Keywords: Accounting practices, religious organization, waqf accounting, waqf reporting, Malaysian Islamic Religious Councils
Last Modified: 30 Jun 2016 08:13
Depositing User: Staf Pendigitalan 1
URI: http://ir.uitm.edu.my/id/eprint/13104

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