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 (SMRJ), 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.

Metadata

Item Type: Article
Creators:
Creators
Email
Md Zain, Siti Rokyah
rosn0355@tganu.uitm.edu.my
Abd Samad, Ros Norita
UNSPECIFIED
Yusof, Nor Ashikin
UNSPECIFIED
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: Universiti Teknologi MARA, Shah Alam > Research Management Centre (RMC)
Journal or Publication Title: Social and Management Research Journal (SMRJ)
UiTM Journal Collections: UiTM Journal > Social and Management Research Journal (SMRJ)
ISSN: 1675-7017
Volume: 9
Number: 1
Page Range: pp. 55-72
Official URL: https://smrj.uitm.edu.my/
Item ID: 13104
Uncontrolled Keywords: Accounting practices, religious organization, waqf accounting, waqf reporting, Malaysian Islamic Religious Councils
URI: https://ir.uitm.edu.my/id/eprint/13104

ID Number

13104

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