Intentions to Donate via Retail Cash Waqf Linked Sukuk: Factors and Insights
DOI:
https://doi.org/10.58968/icm.v3i1.591Keywords:
Cash Waqf Linked Sukuk (CWLS) Retail, Intention, SEM-PLSAbstract
This study examines the factors influencing people's intention to donate through Retail Cash Waqf Linked Sukuk (CWLS), a financial instrument integrating Islamic social finance and investment. Using the Theory of Planned Behavior (TPB) as a framework, the research investigates the roles of attitude, subjective norms, perceived behavioral control, and additional variables such as religiosity and trust in shaping individuals' donation intentions. The study employs a quantitative approach, SEM-PLS with data analyzed from 100 respondents. The findings reveal that attitude and perceived behavioral control significantly impact people's intentions to donate via CWLS, emphasizing the importance of positive perceptions and individuals’ confidence in their ability to contribute. Conversely, subjective norms and trust do not show a significant effect, indicating that societal pressure and trust factors alone are insufficient motivators in this context. This research offers practical implications for policymakers and financial institutions aiming to promote CWLS as a sustainable waqf instrument, focusing on enhancing awareness and facilitating ease of participation to strengthen behavioral control. By addressing these factors, the study contributes to the broader discourse on Islamic social finance and its potential to mobilize funds for socio-economic development.
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