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Meri Indri Hapsari
Mohamed Asmy Bin
Mustafa Omar Muhammad
Jarita Dausa


This present study aims to develop an alternative model of financing that address the
problems of waqf land financing in Malaysia, analyse the probability that waqf institution
will use the proposed model and recommend policies to enhance the optimisation of
crowdfunding for developing waqf land. This study focuses on potential donors in the four
states in Malaysia, namely Pahang, Pulau Pinang, Selangor and Johor since these areas have
significant waqf lands. The analysis is conducted using statistical analysis and logistic
regression analysis. The study finds that there is a high probability of donors willing to use
the proposed model (CWM), particularly among non-married donors, females, low-middle
income donors, and those with more awareness of crowdfunding and waqf.

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