Cash Waqf Governance Practices: Case Study in Malaysian Tahfiz Institution

This paper delves into the intricacies of cash waqf governance practices in a Malaysian tahfiz institution, emphasizing the critical role of internal control systems, specifically in human resources, documentation, collection and distribution, and cash waqf reporting practices. Cash waqf is an Islamic endowment that plays a pivotal role in supporting the financial stability and operational sustainability of these religious educational institutions. Despite its importance, there remains a paucity of comprehensive studies exploring the internal control mechanisms governing waqf management in this context. This paper aims to examine in-depth the waqf internal control systems in tahfiz institutions in Malaysia, with a thematic analysis conducted in this study. This paper discusses the findings of the current waqf internal control system in one Malaysian tahfiz institution, focusing on human resources, documentation, collection and distribution, and cash waqf reporting practices. Based on the findings, several recommendations are made on how best practices for internal control in cash waqf management can be adopted in the future. The direction of future research includes empirical studies to assess the impact of internal control improvements on the operational and financial performance of tahfiz institutions.