Purpose

This study aims to examine and compare the current waqf governance practices in waqf institutions in Malaysia.

Design/methodology/approach

This paper reviews professional documents and literature to propose a new and practical waqf governance measurement. Waqf governance measurements were used to examine and compare the current waqf governance practices among waqf institutions in Malaysia. The annual reports of all waqf institutions under the State Islamic Religious Councils (SIRCs) were analysed using content analysis on the current waqf governance practices using binomial logic.

Findings

Overall, the results indicate moderate waqf governance practices under three waqf governance categories, namely waqf governance policy, waqf governance board and waqf governance processes. This study also found a significant impact of corporatisation reformation of waqf institutions on waqf governance practices.

Research limitations/implications

The findings indicate the need for all waqf institutions in Malaysia, especially for non-corporate waqf institutions, to enhance their waqf governance practices by disclosing all relevant information to the public. This is because the success of waqf fund management can be portrayed through the management’s transparency in waqf governance practices on how they deliver and use their resources to attain socio-economic objectives.

Originality/value

To the best of the authors’ knowledge, this study is among the first studies that examined and evaluated the current waqf governance practices in several waqf institutions in Malaysia.

中文翻译：

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马来西亚waqf机构中waqf治理实践的实证研究

目的

这项研究旨在检查和比较马来西亚waqf机构当前的waqf治理实践。

设计/方法/方法

本文回顾了专业文档和文献，提出了一种新的实用的waqf治理措施。Waqf治理度量用于检查和比较马来西亚waqf机构之间的当前waqf治理实践。通过使用二项式逻辑对当前waqf治理实践进行内容分析，对国家伊斯兰宗教委员会（SIRCs）下所有waqf机构的年度报告进行了分析。

发现

总体而言，结果表明，在三个waqf治理类别下，即waqf治理政策，waqf治理委员会和waqf治理过程中，有适度的waqf治理实践。这项研究还发现，waqf机构的公司化改革对waqf治理做法有重大影响。

研究局限/意义

调查结果表明，马来西亚所有waqf机构，特别是非公司waqf机构，都需要通过向公众披露所有相关信息来增强其waqf治理实践。这是因为waqf基金管理的成功可以通过waqf治理实践中的透明度来描述，即它们如何交付和使用资源以实现社会经济目标。

创意/价值

据作者所知，该研究是检查和评估马来西亚多个waqf机构当前waqf治理实践的首批研究之一。