Factors influencing the success of retail cash Waqf Linked Ṣukuk (CWLS)‎ issuance : a lesson from Indonesia

Other Title(s)

العوامل المؤثرة في نجاح إصدار صكوك التجزئة المرتبط بالوقف النقدي (CWLS)‎ : درس من إندونيسيا

Author

Maulina, Rindawati

Source

Journal of King Abdulaziz University : Islamic Economics

Issue

Vol. 35, Issue 1 (31 Jan. 2022), pp.57-74, 18 p.

Publisher

King Abdulaziz University Scientific Publishing Center

Publication Date

2022-01-31

Country of Publication

Saudi Arabia

No. of Pages

18

Main Subjects

Economy

Abstract EN

In October 2020, the Indonesian government launched a Waqf-linked Islamic certificate called Cash Waqf Linked Ṣukūk (CWLS) that targeted retail investors.

The CWLS SWR001 series for individuals is presented as a commitment by the government to support the national waqf movement and foster the development of social investment and productive waqf in Indonesia.

The objectives of this study are to examine the key determinants of the willingness of upper middle-class Muslims in Indonesia to contribute to CWLS and explain the barriers in the collection of CWLS.

The primary data were analyzed using a Partial Least Squares Structural Equation Modelling (PLS-SEM).

The result shows that the variables of Financial Excess, Trust in Waqf Institutions and Government significantly affect the willingness of upper middle-class Muslims in Indonesia to contribute to retail CWLS.

American Psychological Association (APA)

Maulina, Rindawati. 2022. Factors influencing the success of retail cash Waqf Linked Ṣukuk (CWLS) issuance : a lesson from Indonesia. Journal of King Abdulaziz University : Islamic Economics،Vol. 35, no. 1, pp.57-74.
https://search.emarefa.net/detail/BIM-1314478

Modern Language Association (MLA)

Maulina, Rindawati. Factors influencing the success of retail cash Waqf Linked Ṣukuk (CWLS) issuance : a lesson from Indonesia. Journal of King Abdulaziz University : Islamic Economics Vol. 35, no. 1 (Jan. 2022), pp.57-74.
https://search.emarefa.net/detail/BIM-1314478

American Medical Association (AMA)

Maulina, Rindawati. Factors influencing the success of retail cash Waqf Linked Ṣukuk (CWLS) issuance : a lesson from Indonesia. Journal of King Abdulaziz University : Islamic Economics. 2022. Vol. 35, no. 1, pp.57-74.
https://search.emarefa.net/detail/BIM-1314478

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 72-73

Record ID

BIM-1314478