1. Introduction
Cash waqf is an alternative for all Muslims to participate in waqf activities. In Islamic religious principles, waqf is a socio-economic instrument useful for community economic development (Mustofa et al., 2020). Cash waqf has excellent potential to reduce poverty (Shirazi, 2014; Bakar et al., 2017). Cash waqf funds can be managed for development, education, health, food security, maintenance of infrastructure, and creating jobs for the community. Optimizing cash waqf can improve the country's economy (Nadya et al., 2018; Johari et al., 2015).
In general, waqf focuses on land or buildings, and waqf (in Islam) is interpreted as a waqif who donates assets to beneficiaries. However, the nazir (waqf recipient) often cannot maximize the waqf assets because they do not suit their needs (Zauro et al., 2020). On the other hand, many donors want to become waqifs but do not have fixed assets but have movable assets in the form of money (Mustofa et al., 2020). Communities do not necessarily own land ready to be donated, but everyone has money to be donated. Therefore, cash waqf is considered more flexible (Nadya et al., 2018). Cash waqf is also not limited to location, as with land or building waqf.
Civil servants can potentially become significant contributors to cash waqf in Indonesia, where most of the population is Muslim. As part of the community and servants of the state, the number of civil servants is huge in Indonesia, with 3,995,634 spread across central and regional agencies (State et al. Agency, 2022). According to Law no. 5 of 2014 Article 12, the role of civil servants, namely as planners, executors, and overseers of the implementation of general government and national development tasks through the implementation of policies and public services that are professional, free from political intervention, and clean from practices of corruption, collusion, and nepotism (Article 12 of the Law Number 5 of 2014). As many as 67.7% of the total civil servants are highly educated people and have a fixed income obtained monthly from the state (BKN, 2022). Apart from being a state service, civil servants must also be multidimensional and pro-social (Perry et al., 1990). Therefore, it is necessary to know more about civil servants' understanding of cash waqf so that waqf institutions can design a mechanism for increasing the participation of civil servants in cash waqf to support the development of the country's economy.
In 2002 the MUI issued a fatwa on cash waqf in Indonesia. Individuals or institutions can carry out this cash waqf. The type of cash waqf also includes securities, and the value of cash waqf must be guaranteed for its continuity (Indonesian Waqf Agency, 2020). Prior to the existence of the MUI fatwa, waqf in the form of land was still not maximal in its distribution and management (Ihsan et al., 2011). Even though the potential for waqf land reaches 414,829 locations with an area of 55,259.87 hectares and cash waqf currently in Indonesia reaches IDR 180 trillion (National Committee on Islamic Economics and Finance, 2021).
The potential for cash waqf in Indonesia is enormous. The Fiscal Ministry of Finance revealed that the potential for cash waqf in Indonesia in 2021 is Rp. 180 Trillion. However, only Rp. 328 billion (Ministry of Finance, 2021). This is due to the low interest of the public, including, in this case, civil servants, in cash waqf. The low public interest in cash waqf is influenced by many factors, such as transparency and satisfaction with institutional performance (Medina & Rufin, 2016), the level of religiosity of waqf providers, cash waqf literacy, demographic factors, management efficiency of waqf institutions and tax incentives (Osman et al., 2015).
Several researchers, such as Kamil and Kasri (2021); Osman et al. (2015); Razak et al. (2021), and Pitchay et al., 2015), use the Theory of Planet Behavior (TPB) and Theory of Reasoned Action (TRA) to explain several factors that influence behavior in cash waqfs such as religiosity, knowledge of cash waqf, beliefs, attitudes, and subjective norms. norms) influence behavior in cash waqf. Their research explains that no consistent results are related to interest in cash waqf.
Sakti et al. (2016)’ Purnamasari et al. (2021), and Qurrata et al. (2020) explain that to increase public interest in cash waqf, media promotion, and social influence must be used. So that this can increase knowledge and literacy, which in turn increases trust in cash waqf. In addition, waqf institutions that cannot correctly communicate their programs and performance will reduce public trust and interest in cash waqf.
Based on some of these things, tracing the factors influencing people's behavior, especially civil servants in cash waqf, is essential. By knowing the factors that influence people's behavior in cash waqf, a program or strategy can be developed to increase the collection of cash waqf in Indonesia. Therefore, this research will examine people's behavior in cash waqf, especially civil servants.
The differences in this research with some of the studies above are as follows. First, this research will look at the effect of trust on commitment using the Key Mediating Variable (KMV) model, as done by Hasan and Hassan (2019). Research using the KMV model has never been conducted in Indonesia. The variables used in the KMV model are board benevolence, board ability, board integrity, board opportunism, communication, and accountability, affecting trust in waqf institutions. Then trust affects these variables into a commitment in cash waqf. Second, this research will specifically make civil servants (NS) objects of study, as previous research has yet to do.
2. Literature Review
2.1. Key Mediating Variable Model
The theory of Key Mediating Variables (KMV) was first introduced by Morgan and Hunt (1994). This theory is designed to establish, develop and maintain exchange relationships between suppliers and customers. Morgan and Hunt (1994) then established the validity of the KMV model through a qualitative study. He attracted the attention of researchers to test the validity of the KMV model in different settings.
Holdford and White (1997) tested the KMV model by exploring the relationship between students in pharmacy school. The results of path analysis show that student commitment is determined by trust between lecturers and students. Research conducted by Abosag et al. (2006) studied the differences between Saudi and British citizens. The findings from the two countries reveal exciting differences and few similarities. The KMV model justifies this difference, as it is expected to explain more than half the level of cooperation between trust and commitment from one relationship to the next.
Another research on the KMV model was conducted by Sargeant and Woodliffe (2007) to determine the antecedents and the role of commitment in building donor loyalty in the context of charity activities (social donations). Discussions related to KMV development sparked the need to modify the KMV model to understand the relationship between donors and fund management institutions. Mayer et al. (1995) developed a trust model to explore dimensions that are not available in the KMV model. Trust is expected to influence the risk-taking behavior of the fund manager, which can be proposed to influence the perception of the fund manager in the future.
The trust model developed by Mayer et al. (1995) focuses on building long-term relationships that depend on the level of trust in the fund manager. Trust, on the other hand, will depend on other factors, such as accountability and communication. Based on several models that have been developed previously, Hasan and Hassan (2019) combine several of these models to see how the role of trust in the commitment to cash waqf in waqf institutions. Model MKMV can see the model developed by Hasan and Hassan (2019) in Figure 1.:
Figure 1: Key Mediating Variable Model (KMVM)
2.2. Hypotheses Development
Board Benevolence is the possibility of the heads of fund management institutions carrying out the best programs to achieve their interests (R. et al., 1995). Knoll and Gill (2011) found that Board benevolence has a significant positive role in the trust that supervisors supervise. Yu et al. (2015) found that board benevolence harms Internet banking customers. In the zakat institution sector, Osman and Muhammed (2017) shows that board benevolence plays a significant positive role in building public trust in zakat organizations.
Board Ability refers to institutional qualifications. Mayer et al. (1995) proposed that the board's ability to carry out required activities would increase stakeholder trust. Xiang and Haifeng (2008) have determined that better institutional governance can increase public confidence in becoming donors and can increase donations. Yu et al. (2015) explained that the board's ability positively impacts donor trust.
Mayer et al. (1995) explained that institutional leaders are considered to have a high level of integrity if they comply with ethical principles in their management. So they propose a positive relationship between integrity and trust. This positive relationship between board integrity and trust was also found by Osman and Muhammed (2017). Based on some of the research findings above, the following hypothesis is formulated:
H1: Board Benevolence has a positive effect on trust
H2: Board Ability has a positive effect on trust
H3: Board Integrity has a positive effect on trust
Institutions often experience agency problems. The opportunistic nature of managers is the core problem of agency problems. Fama and Jenses (1983) proposed good governance to overcome agency conflict problems. Xiang and Haifeng (2008) explain the importance of good institutional governance in social institutions. The opportunistic attitude of the institution, in this case, the leadership, will reduce donors' trust in charitable institutions (Torres & Pina, 2003). Based on this, it can be proposed the following hypothesis:
H4: Board Opportunism has a negative effect on the trust
Communication of waqf institutions related to financial and non-financial information is essential in waqf institutions (Hamdan et al., 2013). However, Daud et al. (2011) found that the level of disclosure of financial and non-financial information in waqf institutions still needs to be higher. Abosag et al. (2006) explained that communication made by institutions will build donor trust. Based on this, this study proposes the following hypothesis:
H5: Communication has a positive effect on the trust of civil servants
Accountability of waqf institutions is essential to give trust to donors. Hardy and Ballis (2013) emphasized the importance of accountability within institutions to increase the ongoing trust of donors. Therefore, financial reports are needed to ensure the accountability of institutions, especially waqf institutions (Masruki & Shafii, 2013). Hasan and Hassan (2019) explained that accountability positively impacts donor trust in waqf institutions. Based on this, the hypothesis proposed is as follows:
H6: Accountability has a positive effect on trust
Trust in waqf institutions is vital to maintain the sustainability of donor donations. Sargeant and Woodliffe (2007) explained an essential relationship between the level of trust in the institution and the sustainability of the donations made. This is also supported by Hasan and Hassan (2019), who explains that trust positively impacts maintaining the continuity of donations to waqf institutions. Thus the hypothesis proposed is as follows:
H7: Trust has a positive effect on the commitment of civil servants
3. Research Methods and Materials
This research uses a quantitative approach. This research aims to test the hypotheses that have been proposed previously. The variables used in this study are board benevolence, board ability, board integrity, communication, and accountability, which affect the trust of civil servants. After that, it is then measured how the influence of this trust on the commitment of civil servants to donate to waqf institutions on an ongoing basis. The data sources in this study are all civil servants (PNS) in Gorontalo Province. Data collection techniques in this study will use a questionnaire in printed form and Google form. Questionnaires will be distributed directly to respondents, namely civil servants who have had cash waqf. The following are indicators that will be measured in this study in Table 1.
Table 1: Measurement Indicators
Based on Table 1. it can be seen that there are five indicators of board benevolence, six board ability variables, six board integrity variables, five communication variables, four board opportunism variables, four indicators of accountability variable, trust variable, as many as six indicators, and commitment variables as many as five indicators. Thus the total indicators or question items in this study were 41 indicators. The measurement scale uses a Likert scale with five points, where point 1 "strongly disagree" to point 5 "strongly agree".
The population in this study are all civil servants in Gorontalo Province. The number of samples in this study used the number described by Hair et al. (2011); Hair et al. (2014), where the sample size is ten times the indicator. Based on this, the minimum sample size used in this study is 41 multiplied by ten (41x10), as many as 410 respondents. The research data analysis technique used the Structural Equation Modeling (SEM) approach. The analytical tool used in this study is SEM-PLS with Smart-PLS 3.2.9 software.
4. Results and Discussion
4.1. Respondent Demographics
Respondents who participated in this study were 420 civil servants in Gorontalo Province, which consisted of 231 men and 189 women with an age range of 20-30 years, as many as 35 people, 31-40, as many as 170 people, 41-50 as many as 162 people and 51-60 as many as 13 people. The age range of the respondents indicated that the majority of respondents in this study were those under 40 years of age, where the age range below 40 years is a potential market to become donors in cash waqf.
Respondents who worked at Universities/Institutes were 182 people, Regency/City Governments were 64 people, Provincial Governments were 84 people, Non-Ministerial Institutions were 28 people, and Central Ministries were 62. Based on these data, most respondents work at universities/institutes. As for the domicile of the respondents, 140 people were in Gorontalo City, 112 people were in Bone Bolango Regency, 103 people were in Gorontalo Regency, 22 people were in Boalemo Regency, 20 people were in Pohuwato Regency, 23 people are in North Gorontalo Regency.
Respondents in channelling their Cash Waqf were mostly to Zakat Institutions (BAZ/LAZ), as many as 165 people (39 per cent), and to Religious Social Foundations, as many as 134 people (32 percent). As for the others, 25 people (6 percent) were channelled through the Indonesian Waqf Board (BWI), 53 people (13 percent) were channelled directly to Madrasas/Schools and 43 people (10 percent) were distributed to Islamic boarding schools. Based on this data, it can be seen that only a few distribute directly to BWI. This could be caused by the need for more recognition of BWI in the community compared to BAZ/LAZ. In summary, the explanation above can be seen in Table 2.
Table 2: Respondent Demographics
4.2. Outer Model Test
The outer model test used consists of three tests, namely (1) (convergent validity, which can be seen from the loading factor and AVE values, (2) discriminant validity can be seen from the AVE square root value and the correlation between latent constructs, and (3) to test reliability can be seen from the value of composite reliability and Cronbach's alpha.AVE and loading factor are used to measure convergent validity, while discriminant validity is measured by calculating the square root of AVE (Hair et al., 2014).
Reliability is also an indicator of convergent validity (Hair et al., 2014). It is measured by calculating the sum of the squares of the factor loads for each construct and the sum of the error variance terms for a construct. As shown in Table 4.2, all items have a loading factor greater than 0.70 with an AVE score > 0.50. These results indicate that these items are free from convergence validity problems. In addition, the composite reliability (CR) score is > 0.70, indicating that all constructs are consistent or reliable (Hair et al., 2014).
Composite reliability (CR) values in Table 3. show that all variables are above 0.7, where the variable value of board benevolence is 0.933, board Ability is 0.923, board Integrity is 0.930, board Opportunism is 0.915, Communication is 0.928, Accountability is 0.919, Trust is 0.931, and Commitment is 0.924. Thus the indicators have been able to measure each latent variable correctly, or it can be said that the five variables are reliable.
Table 3: Outer Model Test
The better convergent validity, the higher the correlation between the indicators that make up a construct. AVE measures convergent validity. The AVE value indicates the average percentage of variance that construct items can explain. The minimum AVE value is 0.5 to show that the measure of convergent validity is good. The AVE value in Table 4.2 shows that the five latent variables have an AVE above the minimum criterion, namely 0.5. Based on Table 4.2. It can be seen that the value of Cronbach's Alpha is more significant than 0.7, so all variables are reliable.
Table 4: Discriminant Validity Test
The following criterion for assessing the feasibility of the measurement model is discriminant validity. This criterion is measured by looking at the cross-loading. Cross-loading value is a measure used to compare the correlation of indicators with their constructs and constructs from other blocks (Fornell & Larcker, 1981). The value of discriminant validity can be seen in Table 4.3. Based on the results of the reliability and validity tests, it can be concluded that all variables are in accordance with the criteria and can be continued in the measurement of the inner model.
4.3. Inner Model Test
Test the Inner model on SEM-PLS using the bootstrapping procedure where the t-value is 1.96 at the 5% significance level. This test is to see the model's significance level or the effect of exogenous (independent) variables on endogenous (independent) variables. The results of the inner model can be seen in Table 5.
Table 5: Direct Effect
Based on Table 5. it can be seen that the Accountability variable has no effect on Trust and Commitment where the t-statistic value is less than 1.96 (<1.96) and is not significant with a p-value greater than 0.05 (>0.05). The variables of board integrity, board benevolence, board ability, and Communication have a positive and significant effect on trust and Commitment where the t-statistic values are more significant than 1.96 (>1.96), and the p-values are less than 0.05 (<0.05).
The Trust variable directly has a positive and significant effect on Commitment, where the t-statistic values are greater than 1.96 (>1.96), and the p-values are less than 0.05 (<0.05). The board opportunism variable has a negative and significant effect on Trust and Commitment where the t-statistic value is more significant than 1.96 (>1.96), the p-value is less than 0.05 (<0.05), and the original sample value (O) is negative, which is equal to -0.167 and -0.105.
4.4. Discussion
In Table 5. the variable of the board benevolence of the institution has a positive and significant effect on the confidence of civil servants in cash endowments. This is in line with the latest research as described by Knoll and Gill (2011); Osman and Muhammed (2017). Benevolence is defined as the possibility of the head of the fund management institution to perform the best program to achieve the interests of the institution (R. C. Mayer et al., 1995). In this context, it means that the leaders of waqf institutions in Gorontalo Province carry out programs that can increase the trust of civil servants.
The board's ability to manage waqf institutions, which is reflected in good governance, can increase public trust in the institution (Mayer et al., 1995). The results of this study show that the ability of leaders has a positive and significant effect on the confidence of civil servants in cash endowments. This means that if the ability of institutional leaders in good institutional governance increases, it will increase public trust. These results are in line with research conducted by Xiang and Haifeng (2008) and Yu et al. (2015).
The management of the institution in accordance with good governance and upholding ethical principles in the direction of the institution explains that the head of the institution has integrity Mayer et al. (1995). The results of this study illustrate that board integrity has a positive effect on public trust. Thus, civil servants in Gorontalo Province consider the leadership of the waqf institution to have integrity in managing its institution.
Civil servants who were respondents in this study considered that if the leaders of the institution carried out opportunistic actions, it would eliminate their trust. The results of this study show that the variable of board opportunism has a positive and significant effect on the confidence of civil servants in cash endowments. This result is in line with Torres and Pina (2003), who explain that leadership opportunism can reduce trust. Fama and Jensen (1983); Xiang and Haifeng (2008) propose good governance to address this problem of board opportunism.
Institutional Communication in this study has a positive and significant effect on increasing the confidence of civil servants in cash endowments. This research is in line with Abosag et al. (2006), who revealed that institutional Communication can build donor trust. This means that institutional Communication related to financial and non-financial information becomes something important in waqf institutions (Hamdan et al., 2013). However, Daud et al. (2011) found that the level of disclosure of financial and non-financial information in waqf institutions still needs to be higher.
The disclosure of financial and non-financial information in waqf institutions that still needs to be higher can be seen in the accountability variable, which does not have a significant effect on the trust of civil servants in cash endowments. Civil servants believe that the leadership of the institution, both from its ability and integrity, can increase trust. However, in terms of accountability, financial statements are still considered low. The results of this study are not in line with previous studies such as Hardy and Ballis (2013); Masruki and Shafii (2013); Masruki and Shafii (2013) which explains that accountability has a positive and significant effect on trust. Therefore, waqf institutions in Gorontalo Province are expected to increase their financial responsibility so as to build trust from civil servants. When public trust, especially civil servants, is built, it will strengthen their commitment to cash endowments. As in this study, the trust variable directly has a positive and significant effect on commitment in cash endowments. These results are in line with Sargeant and Woodliffe (2007), explaining the important relationship between the level of trust in institutions and the sustainability of donations made. These results are also supported by Hasan and Hassan (2019), who explains that trust has a positive impact on maintaining donation commitments to waqf institutions. The summary of the results of the direct influence of the above variables on trust and commitment of cash endowments can be seen in Table 7.
Table 6: Indirect Effect/Mediation Test
Table 7: Summary of Direct Effects
Based on Tables 5. and 6. and it can be seen that the variables of board benevolence, board ability, board integrity, board opportunism, and communication have a significant effect on commitment, and the influence of mediation by trust has a significant effect. Thus, the result of the mediation variable is partial mediation. This means that the variable of kindness of the leader can directly affect the commitment of civil servants to cash endowments. The variable of accountability now does not have a significant effect on commitment, and indirect influence or mediation is also not significant. This means that the variable accountability has no influence on the model or no mediation. The explanation can be summarized in Table 8.
Table 8: Summary of Mediation Effect Test
5. Conclusions
Cash waqf in Indonesia currently has enormous potential. Civil servants are one of the potential donors that waqf institutions can work on. However, trust in waqf institutions still needs to be improved due to accountability, which is still very low. The results of this study indicate that the accountability of waqf institutions has no significant effect on the trust of civil servants in cash waqf. Although cash waqf institutions, in terms of communicating various kinds of programs to attract donations from civil servants, have been able to increase trust, institutional governance and accountability must continue to be improved so that the trust of civil servants continues to increase so that in the end they are committed to cash waqf.
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