Intergenerational analysis of cash waqf behavior: lessons learned from Indonesia
Intergenerational analysis of cash waqf behavior: lessons learned from Indonesia
Purpose: the proponents of cash waqf speak highly about its huge potential for mobilizing the third sector of the economy to fund the socio-economic development agenda. However, the under-collection issue has been characterizing the cash waqf movement globally. This study aims to examine how understanding the distinct cash waqf donating behavior across different generations has the potential to address the problem.
Design/methodology/approach: this study extends the theory of planned behavior by adding religiosity and knowledge variables into the standard model, using the partial least square structural equation modeling. A survey is conducted on 684 respondents representing the main provinces in Indonesia and four major generations (Baby Boomers [BB], Generations X, Y and Z). Findings: Religiosity, Knowledge, Attitude, Subjective Norms and Perceived Behavioral Control directly or indirectly affect cash waqf intention. The effect is contingent on the characteristics of generations.
Research limitations/implications: this study covers only the Indonesian case with limited coverage of the more heterogeneous provinces in the country. The sample distribution for BB can also be enlarged.
Practical implications: cash waqf institutions (government and private) should apply the dynamic segmenting strategy, where the diversification of the promotion, marketing, awareness and approaches are contingent on the different characteristics of each generation.
Originality/value: to the best of the authors’ knowledge, this is the first study evaluating the intergenerational determinants of Intention toward cash waqf, particularly in Indonesia.
Cash waqf, Extended theory of planned behavior, Intergenerational analysis, Religiosity
590-618
Jatmiko, Wahyu
77c12c27-492a-4683-802a-a02a89025ce7
Haidlir, Banu Muhammad
b70df6e0-4e30-49e9-acc3-cc5623534ba2
Azizon, A.
57aab63b-d76f-4332-820c-cb8ba34ecfee
Laksmono, Bambang Shergi
998a025f-8dd6-4ada-a8ff-4e0ede974abe
Kasri, Rahmatina
4cc538de-11ab-406f-806b-ed287810e605
29 March 2024
Jatmiko, Wahyu
77c12c27-492a-4683-802a-a02a89025ce7
Haidlir, Banu Muhammad
b70df6e0-4e30-49e9-acc3-cc5623534ba2
Azizon, A.
57aab63b-d76f-4332-820c-cb8ba34ecfee
Laksmono, Bambang Shergi
998a025f-8dd6-4ada-a8ff-4e0ede974abe
Kasri, Rahmatina
4cc538de-11ab-406f-806b-ed287810e605
Jatmiko, Wahyu, Haidlir, Banu Muhammad and Azizon, A.
,
et al.
(2024)
Intergenerational analysis of cash waqf behavior: lessons learned from Indonesia.
Journal of Islamic Accounting and Business Research, 15 (4), .
(doi:10.1108/JIABR-03-2022-0086).
Abstract
Purpose: the proponents of cash waqf speak highly about its huge potential for mobilizing the third sector of the economy to fund the socio-economic development agenda. However, the under-collection issue has been characterizing the cash waqf movement globally. This study aims to examine how understanding the distinct cash waqf donating behavior across different generations has the potential to address the problem.
Design/methodology/approach: this study extends the theory of planned behavior by adding religiosity and knowledge variables into the standard model, using the partial least square structural equation modeling. A survey is conducted on 684 respondents representing the main provinces in Indonesia and four major generations (Baby Boomers [BB], Generations X, Y and Z). Findings: Religiosity, Knowledge, Attitude, Subjective Norms and Perceived Behavioral Control directly or indirectly affect cash waqf intention. The effect is contingent on the characteristics of generations.
Research limitations/implications: this study covers only the Indonesian case with limited coverage of the more heterogeneous provinces in the country. The sample distribution for BB can also be enlarged.
Practical implications: cash waqf institutions (government and private) should apply the dynamic segmenting strategy, where the diversification of the promotion, marketing, awareness and approaches are contingent on the different characteristics of each generation.
Originality/value: to the best of the authors’ knowledge, this is the first study evaluating the intergenerational determinants of Intention toward cash waqf, particularly in Indonesia.
Text
Accepted Copy - Intergenerational analysis of Cash Waqf Behavior
- Accepted Manuscript
More information
Accepted/In Press date: 26 April 2023
Published date: 29 March 2024
Additional Information:
Publisher Copyright:
© 2023, Emerald Publishing Limited.
Keywords:
Cash waqf, Extended theory of planned behavior, Intergenerational analysis, Religiosity
Identifiers
Local EPrints ID: 486297
URI: http://eprints.soton.ac.uk/id/eprint/486297
ISSN: 1759-0817
PURE UUID: e53a0b9f-e6a2-4e70-bae5-a34a3e2ceb11
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Date deposited: 16 Jan 2024 17:53
Last modified: 11 Apr 2024 02:08
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Contributors
Author:
Wahyu Jatmiko
Author:
Banu Muhammad Haidlir
Author:
A. Azizon
Author:
Bambang Shergi Laksmono
Author:
Rahmatina Kasri
Corporate Author: et al.
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