“Waqf financial reporting: Disclosure of financial and non-financial information of waqf investment property by selected waqf Institutions”
Preparation of a high quality financial reporting with adequate disclosures signifies the professionalism and competency of the management of the waqf institutions. Transparent and quality information disclosed in the financial statements, annual report and also in the website of the institutions wi...
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| Format: | Thesis |
| Language: | eng eng eng |
| Published: |
2020
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| Subjects: | |
| Online Access: | https://etd.uum.edu.my/9696/1/s819227_01.pdf https://etd.uum.edu.my/9696/2/s819227_02.pdf https://etd.uum.edu.my/9696/3/s819227_references.docx |
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| Summary: | Preparation of a high quality financial reporting with adequate disclosures signifies the professionalism and competency of the management of the waqf institutions. Transparent and quality information disclosed in the financial statements, annual report and also in the website of the institutions will help potential donors or waqif to decide which institutions they should support. The aim of this study is to examine the level of disclosure relating to waqf investment property in the financial reporting of selected waqf institutions. The research calls for collection and qualitative content analysis of the data relating to disclosure of financial and non-financial information of waqf investment property in the financial statements and annual report of selected waqf institutions in Malaysia. The research only included waqf institutions with significant waqf investment properties and with easily accessible five (5) year’s annual reports or audited financial statements. Five of the selected waqf institutions adopt the fair value model for their investment property valuation and three institutions choose the cost model. Financial information index for the Malaysia waqf institutions that select the fair value model is higher compared to waqf institutions that choose the cost model. Non-financial information index shows more comparable results between the selected waqf institutions. |
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