Millennial Muslims Intention to Donate Cash Using the Extended Theory of Planned Behavior Approach

Ahmad Aizuddin Hamzah; Galad Mohamed Barre; Anath Rau Krishnan; Abu Bashar; Mohammad Shahfaraz Khan; Iqbal Thonse Hawaldar; Arfi Mulyasa Insani

doi:10.59535/efe.v2i2.331

Authors

Ahmad Aizuddin Hamzah Labuan Faculty of International Finance, Level 3 University Malaysia Sabah, Labuan International Campus, Labuan Federal Territory, Malaysia
Galad Mohamed Barre Faculty of Management Science, SIMAD University, Mogadishu, Somalia https://orcid.org/0000-0001-5226-0654
Anath Rau Krishnan Labuan Faculty of International Finance, Level 3 University Malaysia Sabah, Labuan International Campus, Labuan Federal Territory, Malaysia https://orcid.org/0000-0002-3916-434X
Abu Bashar School of Management, IMS Unison University, Dehradun 248009, India https://orcid.org/0000-0003-1415-5591
Mohammad Shahfaraz Khan Department of Business Administration, University of Technology and Applied Sciences-Salalah, Salalah 215, Oman https://orcid.org/0000-0002-4827-2932
Iqbal Thonse Hawaldar Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa P.O. Box 40434, Bahrain https://orcid.org/0000-0001-7181-2493
Arfi Mulyasa Insani Department of Sharia Accounting, Faculty of Economics and Islamic Business, Sunan Kalijaga Yogyakarta State Islamic University, Yogyakarta

DOI:

https://doi.org/10.59535/efe.v2i2.331

Keywords:

Cash Waqf, Millennial Muslims, Extended Theory of Planned Behaviour, SmartPLS, Waqf intention

Abstract

This study aims to understand the factors that influence millennial Muslims in South Tangerang's intention to donate cash, by applying the Extended Theory of Planned Behaviour (ETPB) approach. This research involves analysis using the SmartPLS tool to evaluate the role of attitude, subjective norms, perceived behavioral control, and moral obligation on cash waqf intention. The results show that positive attitudes towards waqf, social environmental influences, self-control, as well as moral responsibility play an important role in shaping cash waqf intentions among millennial Muslims. Attitude towards waqf is influenced by an understanding of the importance of waqf in Islam and the resulting social benefits. Subjective norms are shaped by family support and social environment, while perceived behavioral control is closely related to an individual's belief in his or her ability to endow. In addition, moral obligation shows a significant influence in driving cash waqf intention. This study provides important insights for stakeholders in promoting cash waqf as an integral part of economic and social empowerment in Muslim societies.

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