Factors influence intention of management of Shariah-compliant companies to participate in Islamic voluntary charity
International Journal of Islamic and Middle Eastern Finance and Management
ISSN: 1753-8394
Article publication date: 25 January 2022
Issue publication date: 20 September 2022
Abstract
Purpose
The present study aims to focus on the management of public listed companies (PLC) in Malaysia. It aims to explore the factors that influence the behavioural intention of the managers in donating cash waqf (endowment) as part of their organisations’ corporate philanthropy.
Design/methodology/approach
The theory of planned behaviour was used, and 701 questionnaires were emailed to PLCs’ managers. Four main variables, i.e. economic attitude, political pressure, perceived behavioural control (PBC) and personal moral obligation, were tested and analysed by using structural equation modelling.
Findings
The findings showed that the first three variables, attitude, subjective norms and PBC of the management, significantly influenced management’s behavioural intention to donate cash waqf. Nonetheless, the personal moral obligation of the management was found to be insignificant.
Research limitations/implications
One of the main limitations is that it involved only quantitative surveys with managers in Malaysia. In future, the findings of this study can be supported by interviews.
Originality/value
The present study integrates the corporate social responsibility (CSR) fund of Shariah-compliant companies for the development of waqf property. The combination of CSR funds and waqf land will solve the waqf institution’s fund deficit issue. This will optimize waqf land development efficiency and benefit society.
Keywords
Acknowledgements
This study is sponsored by Universiti Sains Malaysia, Short-Term Grant 304/PMGT/6313264.
Citation
Allah Pitchay, A. (2022), "Factors influence intention of management of Shariah-compliant companies to participate in Islamic voluntary charity", International Journal of Islamic and Middle Eastern Finance and Management, Vol. 15 No. 5, pp. 967-985. https://doi.org/10.1108/IMEFM-11-2019-0466
Publisher
:Emerald Publishing Limited
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