The Performance Of The State Islamic Religious Councils (SIRCs) In Malaysia : Waqf Efficiency And Determinants
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Date
2017-03
Authors
Ibrahim, Dahlia
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Sains Malaysia
Abstract
This thesis looks at the efficiency of thirteen State Islamic Religious Councils
(SIRCs) in managing waqf in Malaysia for the period 2007 to 2013. Two stages of
analysis are pertinent to the efficiency study of the SIRCs. In the first stage, the
measurement of the technical efficiency of the SIRCs uses two basic models of Data
Envelopment Analysis (DEA); the Charnes, Cooper and Rhodes (CCR) model and
Banker, Charnes and Cooper (BCC) model. For the purpose of measuring the
efficiency, this study uses three inputs and two outputs selected based on the
intermediation approach. Having obtained the efficiency scores, further investigation
is made into the factors that are influential to the efficiency level of the SIRCs. Thus,
the second stage looks into the relationship between the efficiency of the SIRCs and
location, size of organization, board size, board independence and board meeting
using the panel data analysis. This study finds that only one SIRC is fully efficient
and the other twelve SIRCs are inefficient when analysis is done on a full sample of
the thirteen SIRCs. Further analysis on the technical efficiency components also
reveals that the SIRCs inefficiency mostly caused by managerial inefficiency, not
scale inefficiency. Finally, the findings of the second stage analysis uncover that
there is a relationship between the efficiency of the SIRCs to location, size of
organization, board size, board independence and board meeting.
Description
Keywords
Thirteen State Islamic Religious Councils , in managing waqf in Malaysia