Application of Technology Usage and Perception of Performance of Cash Waqf in Theory of Planned Behaviour: Analysing Intention to Contribute Cash Waqf Among Muslims in Malaysia

Abstract

Cash waqf plays a vital role in the development of the socioeconomic well-being of the Muslim community. As monetary contributions to waqf are more flexible than those of waqf properties, scholars assert that cash waqf contributions are more significant. In Malaysia, cash waqf can be used to lessen poverty, boost social welfare, as well as lessen governmental burden. Various strategies have been put forth to persuade society to make monetary waqf contributions for the ummah's benefit. Using the Theory of Planned Behaviour (TPB), this paper intends to pinpoint the behaviors that affect cash waqf contribution in Malaysia. In line with the advances in technology, it is expected that the adoption of technology for collecting cash waqf would pave the way towards increasing waqf funds. Hence, technology usage is proposed for boosting cash waqf contribution. In addition, perception of the performance of cash waqf is proposed as the moderator variable. This study involves 284 respondents, specifically working Muslims, in identifying the factors influencing cash waqf contribution. Data analysis was conducted using the Partial Least Squares Structural Equation Modeling (PLS-SEM) via correlation analysis, which in turn revealed that the TPB and technology usage have a significant and positive relationship in affecting cash waqf contribution. Therefore, it can be concluded that the usage of technology for collecting cash waqf boosts the intention of Muslims to perform waqf via cash contributions. However, perception of cash waqf performance showed no significant effect in this research.