Page 172 - Zakat & Waqf: Impact on Women and Community Development

162 | Zakat & Waqf: Impact on Women and Community Development
© Zakat & Waqf: Impact on Women and Community Development
ISBN 978-967-####-##-#

management also needs to be understood in a broad context.
Knowledge of Islamic financial principles, investment strategies,
management risks and legal and regulatory frameworks is important
and should be understood by society and what is more important is a
deep understanding of the specific social and economic needs of the
society supported by cash waqf. Knowledge of investment strategies
can also help optimize returns and help ensure that the cash waqf fund
is generating profits and indirectly it can support charitable causes
more effectively. Society also needs to be streamlined about emerging
technological knowledge such as blockchain and fintech. This can help
develop innovative solutions for the management and investment of
cash waqf directly can help in improving the efficiency and impact of
cash waqf in supporting social development.

In addition, understanding waqf is not only important for those who
contribute to waqf. Nadzir, and the waqif, must also understand every
aspect of waqf. Nadzir should be more knowledgeable about the
attitude of the contributors who have just participated in the cash waqf
and also the existing waqif. Information related to waqf should be
communicated well and easily understood by waqf contributors.
Therefore, it is important for nadzir to first understand about waqf.
There are also studies that do not support this finding, which is that
religious adherence causes people to contribute in cash waqf. This is
because there are a number of other factors that cause this situation to
occur. Other factors such as socio-economic status, education, and
trust in the management of waqf institutions also influence the
community.

While religious obedience is an important predictor of religious
behavior, most individuals have different priorities when it comes to
donations for charitable purposes. For example, some individuals may
prefer to donate or give to charity for a cause that is more directly

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