Financial Performance and Sustainability in Malaysian Waqf Private Entity and Corporations

Abstract

This paper aims to examine the financial performance and sustainability in Malaysian waqf
private entity and corporations. Examining its performance and sustainability may be useful for
determining perpetual life of waqf. Besides that, a waqf private entity and corporations
frequently compare actual performance with standards or expectations to enhance the
organizations’ achievements. Thus, by using ratio analysis, this study examines five years (2014-
2018) annual reports of waqf private entity administered by Pusat Wakaf Majlis Agama Islam
Wilayah Persekutuan Sdn. Bhd (PWMSB) and two waqf corporations Pusat Wakaf Selangor
(PWS) and Wakaf An-Nur Corporation (WANCorp). The outcomes show that only one waqf
corporation was economically feasible and perform acording to seven item. The discoveries give
helpful experiences into the economically feasible and performance of waqf private entity and
corporations feature the requirement for policy makers all over the Muslim countries generally
and specifically for Malaysia to focus on the all encompassing responsibility of waqf foundations
to guarantee waqf's efficient recovery. It is trusted that the outcomes and the suggestions of the
examination would empower the money related announcing and responsibility of such
foundations at a more significant level.