International Journal of Academic Research in Business and Social Sciences

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Educating Entrepreneurship Through Social Fund: Examining Waqf Awareness among Youths

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Mohd Isham Abidin, Rohaiza Kamis, Mohd Halim Mahphoth, Shafinar Ismail, Fadhilah Zainal Abidin, Siti Amalina Mohd Yazid, Mohd Amirul Atan

Pages 934-949 Received: 01 Jun, 2023 Revised: 01 Jul, 2023 Published Online: 03 Aug, 2023

http://dx.doi.org/10.46886/IJARBSS/v13-i8/8647
Waqf and entrepreneurship are supposed to aid communities in resolving environmental problems and developing society. However, its management in Malaysia is still insufficient due to lack of education and knowledge of waqf, particularly about cash waqf, among Malaysians. Thus, this study investigated the waqf determinants, specifically on promotion and understanding towards awareness of waqf entrepreneurship. A total of 406 respondents who participated in this study were students from Universiti Teknologi MARA (UiTM) Cawangan Melaka, Malaysia. The questionnaire was distributed using an online survey platform consisting four (4) sections: demographic profile, awareness, promotion, and knowledge. The researchers conducted frequency analysis, descriptive analysis, reliability tests, and multiple regression analysis for the data analysis. The findings revealed that most respondents (85.2%) had enrolled in entrepreneurship courses, while the remaining 14.8% had never taken any formal entrepreneurship courses. Next, the study also determined the reliability of all variables, and results were subjected to hypothesis testing. The study concludes that there are strong correlations between all waqf determinants and waqf entrepreneurial awareness. Waqf funding is viewed as highly important in enabling young graduates to start businesses without entirely expecting industrial employment claims. Educating and promoting the entrepreneurial sector about waqf funding could be beneficial to the industry. Therefore, this would encourage the Malaysian government and development organizations to fund waqf through micro, small, and medium-sized firms.

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