The Role of Trust in Increasing Participation in Digital Cash Waqf in Wonogiri Regency
DOI:
https://doi.org/10.37680/ijief.v5i2.8815Keywords:
Digital Money Waqf; Trust; Waqf Participation; Perceived Usefulness; Ease of UseAbstract
Digital cash waqf has great potential in optimizing Muslims' contribution to social and economic development. However, participation in digital cash waqf in Indonesia, particularly in Wonogiri Regency, remains low. This study aims to identify factors influencing individuals' intention to participate in digital cash waqf, focusing on the role of trust as a mediator between waqf literacy, social media, perceived usefulness, and perceived ease of use. The research method used is a quantitative approach with primary data collection through questionnaires distributed to 226 respondents in Wonogiri Regency. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that perceived usefulness, ease of use, and trust significantly influence participation intention in digital cash waqf. Although waqf literacy and social media influence did not show significant direct effects, both played a role through the mediation of trust. Trust fully mediated the relationship between waqf literacy and participation intention, as well as between social media and participation intention. Meanwhile, perceived ease of use had both a direct effect and a partial mediation effect on participation intention. Based on these findings, it is recommended that waqf management institutions improve transparency and user trust, and optimize the ease of use of digital platforms to encourage greater participation in digital cash waqf
References
Ab Shatar, W. N., Hanaysha, J. R., & Tahir, P. R. (2021). Determinants of cash waqf fund collection in Malaysian Islamic banking institutions: empirical insights from employees’ perspectives. ISRA International Journal of Islamic Finance, 13(2), 177–193. https://doi.org/10.1108/IJIF-06-2020-0126
Alimusa, L. O., Sukmana, R., Ratnasari, R. T., Machfud, S., & Latif, S. D. H. (2025). Determinants of online cash waqf behavioural intentions for micro enterprises financing: the case of Indonesian Muslim youth. Journal of Islamic Marketing, 16(6), 1623–1649. https://doi.org/10.1108/JIMA-06-2023-0166
Amin, I. A., & Al Arif, M. N. R. (2024). The role of trust on investors’ intention to shares waqf in Indonesia. Jurnal Ekonomi & Keuangan Islam, 247–262. https://doi.org/10.20885/JEKI.vol10.iss2.art8
Antara, P. M., Musa, R., & Hassan, F. (2016). Bridging Islamic Financial Literacy and Halal Literacy : The Way Forward in Halal Ecosystem. Procedia Economics and Finance, 37(16), 196–202. https://doi.org/10.1016/S2212-5671(16)30113-7
Asyari, A., Hoque, M. E., Susanto, P., Begum, H., Awaluddin, A., Marwan, M., & Mamun, A. Al. (2024). Online cash waqf behavioral intention: the role of knowledge of cash waqf and trust. Journal of Islamic Marketing, 15(11), 2864–2890. https://doi.org/10.1108/JIMA-07-2023-0224
Faturohman, T., Hassandi, I., & Yulianti, Y. (2020). USER ACCEPTANCE OF ONLINE WAQF APPLICATIONS: EVIDENCE FROM INDONESIA. Journal of Islamic Monetary Economics and Finance, 6(3), 503–530. https://doi.org/10.21098/jimf.v6i3.1117
Febriyanto, A., Adenia, N., Annabila, I., & Yusfiarto, R. (2025). CBDC Adoption: Aligning Model Technostress Inhibitors and Perceived Value Among Indonesian Generation Z. Journal of Central Banking Law and Institutions, 4(1), 49–78. https://doi.org/10.21098/jcli.v4i1.258
Galloway, A. (2005). Non-Probability Sampling. In Encyclopedia of Social Measurement (pp. 859–864). Elsevier. https://doi.org/10.1016/B0-12-369398-5/00382-0
Gautam, V., & Sharma, V. (2017). The Mediating Role of Customer Relationship on the Social Media Marketing and Purchase Intention Relationship with Special Reference to Luxury Fashion Brands. Journal of Promotion Management, 23(6), 872–888. https://doi.org/10.1080/10496491.2017.1323262
Gultom, J. R., Setyawan, I., & Laksono, R. (2023). Peran kepercayaan dalam memediasi efek persepsi kemudahan dan persepsi nilai digital pada niat penggunaan kontinu e-payment. Mediastima, 29(1), 54–70.
Hadi, E. F., Huzaini, M., & Hidayat, A. A. (2023). Factors Influencing the Interest of the Muslim Generation in Cash Waqf in West Nusa Tenggara Province. INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH AND ANALYSIS, 06(10). https://doi.org/10.47191/ijmra/v6-i10-21
Hair, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R. Springer International Publishing. https://doi.org/10.1007/978-3-030-80519-7
Hair, J. F., Ringle, C. M., Sarstedt, M., & Hult, G. T. M. (2022). A primer on Partial Least Squares Structural Equation Modeling (PLS-SEM. SAGE Publications.
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203
Hamdani, L., Subing, H. J. T., & Yusfiarto, R. (2024). Catalysing Sustainability: Exploring Factors Shaping Green Initiatives in Micro, Small, and Medium-Sized Enterprises. Journal of Environmental Assessment Policy and Management. https://doi.org/10.1142/S1464333224500042
Hamdani, L., Sunarsih, S., Yusfiarto, R., Rizal, A., & Khoirunnisa, A. N. (2024). Social media, trust and intention to pay zakat through institution: lessons from Indonesian experience. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-01-2023-0016
Hasanah, N., Sulistya, I., & Irfany, M. I. (2021). Strategi Pengelolaan Wakaf Uang oleh Badan Wakaf Indonesia (BWI). Al-Awqaf: Jurnal Wakaf Dan Ekonomi Islam, 13(1), 39–58. https://doi.org/10.47411/al-awqaf.v13i1.95
Jasin, H., Mujiatun, S., Fauzi Rambe, M., & Bahagia Siregar, R. (2021). Apakah Kepercayaan Memediasi Pengaruh Reputasi Bank dan Religiusitas Terhadap Purchase Intention? Jurnal Ilmiah Manajemen Dan Bisnis, 22(1), 86–102. https://doi.org/10.30596/jimb.v22i1.5630
Kasri, R. A., & Chaerunnisa, S. R. (2022). The role of knowledge, trust, and religiosity in explaining the online cash waqf amongst Muslim millennials. Journal of Islamic Marketing, 13(6), 1334–1350. https://doi.org/10.1108/JIMA-04-2020-0101
Khoirunnisa, A. N., Salsabiil, U. Z., Sodik, F., Dewanti, N. S., & Yusfiarto, R. (2023). Linking Religiosity to Socio-Entrepreneurship Intention: A Case of Muslim Youth in Indonesia. Journal of Islamic Monetary Economics and Finance, 9(2). https://doi.org/10.21098/jimf.v9i2.1647
Masrizal, M., Huda, N., Harahap, A., Trianto, B., & Sabi’u, T. T. (2023). INVESTIGATING THE DETERMINANTS OF CASH WAQF INTENTION: AN INSIGHT FROM MUSLIMS IN INDONESIA. Journal of Islamic Monetary Economics and Finance, 9(1). https://doi.org/10.21098/jimf.v9i1.1607
Maulina, R., Dhewanto, W., & Faturohman, T. (2024). How to attract wealthy Muslims to contribute to cash waqf (Islamic endowment) held by the Islamic banks? Case in Indonesia. Journal of Islamic Marketing, 15(12), 3323–3356. https://doi.org/10.1108/JIMA-11-2022-0312
Nour Aldeen, K., Ratih, I. S., & Sari Pertiwi, R. (2022). Cash waqf from the millennials’ perspective: a case of Indonesia. ISRA International Journal of Islamic Finance, 14(1), 20–37. https://doi.org/10.1108/IJIF-10-2020-0223
Pambekti, G. T., Nugraha, S. S., & Yusfiarto, R. (2023). MUSLIM WOMEN SWITCHING INTENTION TO HALAL COSMETIC: PUSH-PULL-MOORING MODEL APLICATION. Journal of Islamic Monetary Economics and Finance, 9(2). https://doi.org/10.21098/jimf.v9i2.1633
Pambekti, G. T., Yusfiarto, R., & Nugraha, S. S. (2022). ROSCAs Through the Islamic Community: An Alternative to Enhancing Entrepreneurship and Wealth. Journal of Islamic Monetary Economics and Finance, 8, 81–106. https://doi.org/10.21098/jimf.v8i0.1371
Prayudi, I. G., Sukaatmadja, I. P. G., Yasa, N. N. K., & Giantari, I. G. A. K. (2022). The role of trust in mediation the effect of perception of ease of use and perception of usefulness on intention to re-using the mobile banking service. International Research Journal of Management, IT and Social Sciences, 9(4), 482–493. https://doi.org/10.21744/irjmis.v9n4.2102
Pusparini, M. D., Sukmana, R., & Napitupulu, R. M. (2025). “What is done and what is left to be done?” An investigation of YouTube as knowledge resource for Islamic endowment funds (cash waqf ) in Indonesia. Journal of Islamic Marketing, 16(6), 1689–1719. https://doi.org/10.1108/JIMA-06-2024-0227
Rahman, M. M., Lesch, M. F., Horrey, W. J., & Strawderman, L. (2017). Assessing the utility of TAM, TPB, and UTAUT for advanced driver assistance systems. Accident Analysis & Prevention, 108, 361–373. https://doi.org/10.1016/j.aap.2017.09.011
Risma Khoirun Nazah. (2022). Optimalisasi Potensi Wakaf Tunai sebagai Penggerak Bisnis Melalui Pengembangan Fintech Wakaf di Era Digitalisasi. Nidhomiya: Research Journal of Islamic Philanthropy and Disaster, 1(1), 26–34. https://doi.org/10.21154/nidhomiya.v1i1.722
Rizal, H., & Amin, H. (2017). Perceived ihsan , Islamic egalitarianism and Islamic religiosity towards charitable giving of cash waqf. Journal of Islamic Marketing, 8(4), 669–685. https://doi.org/10.1108/JIMA-05-2015-0037
Sahrina, M., Hatta, M., Simamora, A. M., & Puspita, L. M. N. (2024). Religiosity, Waqf literacy and income to interest in endowing money: Role of accountability as a moderating variable. Proceeding of International Conference on Accounting & Finance, 257–268.
Saibil, D. I., Khoirunnisa, A. N., & Yusfiarto, R. (2023). From Cash to Cashless: Understanding Users’ Switching Intentions from Cash to Mobile Payment Applications. Vision: The Journal of Business Perspective. https://doi.org/10.1177/09722629231197336
Sanusi, S., Saedon, R., Muhammad, A. D., Zaki, H. O., & Ghazali, A. W. (2025). Cash waqf engagement among Malaysian millennials: the digitization of generosity. International Journal of Islamic and Middle Eastern Finance and Management, 18(4), 857–875. https://doi.org/10.1108/IMEFM-03-2024-0148
Sarstedt, M., Hair, J. F., Pick, M., Liengaard, B. D., Radomir, L., & Ringle, C. M. (2022). Progress in partial least squares structural equation modeling use in marketing research in the last decade. Psychology and Marketing, 39(5). https://doi.org/10.1002/mar.21640
Sistem Informasi Wakaf. (2024). Data Tanah Wakaf. Siwak.
Sukmana, R. (2020). Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions. Heliyon, 6(10), e05074. https://doi.org/10.1016/j.heliyon.2020.e05074
Sunarsih, S., Hamdani, L., Rizal, A., & Yusfiarto, R. (2023). Motivational factors to paying zakat through institutions: a multigroup analysis of urban and suburban muzakki based on digital payment scheme. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-12-2022-0333
Utama, S., Yusfiarto, R., Pertiwi, R. R., & Khoirunnisa, A. N. (2023). Intentional model of MSMEs growth: a tripod-based view and evidence from Indonesia. Journal of Asia Business Studies. https://doi.org/10.1108/JABS-08-2022-0291
Veonnita, R., & Rojuaniah, R. (2022). Pengaruh persepsi kemudahan, kegunaan dan kepuasan terhadap loyalitas melalui kepercayaan nasabah pengguna mobile banking BCA. INOBIS: Jurnal Inovasi Bisnis Dan Manajemen Indonesia, 6(1), 68–78. https://doi.org/10.31842/jurnalinobis.v6i1.258
Widiastuti, T., Mawardi, I., Samer Ali, A.-S., Atiya, N., Rani, L. N., Robani, A. B., & Al Mustofa, M. U. (2025). Determinant factors for online cash waqf intention among Muslim millennial generation. Journal of Islamic Marketing, 16(1), 258–289. https://doi.org/10.1108/JIMA-12-2023-0408
Yusfiarto, R., Nugraha, S. S., Mutmainah, L., Berakon, I., Sunarsih, S., & Nurdany, A. (2022). Examining Islamic capital market adoption from a socio-psychological perspective and Islamic financial literacy. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-02-2022-0037
Yusfiarto, R., Nugraha, S. S., Pambekti, G. T., & Khoirunnisa, A. N. (2023). Building loyalty in Islamic banking relationship: a multiple mediation approach empirically in Indonesia. Journal of Financial Services Marketing, 28(2), 306–320. https://doi.org/10.1057/s41264-022-00151-2
Yusfiarto, R., Supriani, I., Mutmainah, L., Hamdani, L., Khoirunnisa, A. N., & Ibrahim, M. H. (2024). Enabling Islamic internet-only banks acceptance: an empirical analysis of the UTAUT framework and Islamic compliance. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-02-2022-0057
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Dhiyaul Aulia Zulni, Nala Syifa Dewanti, Hanif Nur Rokhim
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright:
An author who publishes in Indonesian Journal of Islamic Ekonomics and Finance agrees to the following terms:
- Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Author is able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with the acknowledgment of its initial publication in this journal.
- Author is permitted and encouraged to post his/her work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of the published work (See The Effect of Open Access).
License:
-
Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
-
NonCommercial — You may not use the material for commercial purposes.
-
No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
You are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
.png)
