Public Awareness and Propensity to Determine Cash Waqf in Pakistan
DOI:
https://doi.org/10.5281/zenodo.12606854Keywords:
Cash Waqf , Productive waqf, Islamic philanthropy, Public AwarenessAbstract
Purpose: The study aims to explore the impact of demographic characteristics on the likelihood and attention of the public to determine cash waqf (endowments) in Pakistan. Design/Methodology/Approach: The study employed regression analysis on 100 participants’ data from a survey, which recruited participants' responses via a questionnaire. Research focuses on assessing age, income level, educational attainment, as well as religion to identify why people would want to get into cash waqf.
Findings: Factors such as population have demonstrated significant influence on the ability to spend cash waqf, with age, income level, educational qualification, and religious factors playing a significant role in the decision.
Implications/Originality/Value: The research is part of the fields where charity culture is used within Islamic finance contexts, providing policymakers and other stakeholders with a comprehensive understanding to foster a more giving society and enhance welfare in Pakistan. More studies need to be undertaken to investigate further the makeup of different factors that have the same influence on the amount of cash Waqf and to verify the conclusions on other populations, too.
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