Factors Affecting the Motivation of Prospective Waqifs to Endow Insurance in Indonesia

Regina Putri¹, Eliyanora²*, Irda Rosita³, Hidayatul Ihsan⁴, Anda Dwiharyadi⁵
^1,2,3,4,5 Department of Accounting, Politeknik Negeri Padang, Indonesia
*Corresponding author: eliyanora@pnp.ac.id.
DOI – http://doi.org/10.37502/IJSMR.2024.71102

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Abstract

This study aims to examine the factors that influence the motivation of prospective waqifs to endow through insurance products. The research method used is a survey method with a quantitative approach. The population in this study are individuals who have the potential to be involved in insurance waqf, namely people who have income. The data type used is primary data and the data collection technique is done by distributing questionnaires through Google Forms. The sampling technique used convenience sampling, with the number of respondents obtained as many as 185 people. The data analysis method uses a Structural Equation Model (SEM) with a Partial Least Square (PLS) technique. Data processing was carried out using SmartPLS 4.0 software. The results of this study indicate that sens of self-worth and moral obligation have a positive effect on the motivation of prospective waqifs to endow insurance. Meanwhile, face concern and perceived donor effectiveness have no impact on the motivation of prospective waqifs to endow insurance. Theoretically, this study contributes to developing waqf insurance literature in Indonesia.

Keywords: Insurance Waqf, Motivation, Waqif

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