This Article Volume 3 Issue 1
First published June 2013, doi : 10.7187/GJAT302013.03.01
Publisher Kolej Universiti Islam Sultan Azlan Shah, Perak, Malaysia.
Financial Management Practices of Mosques in Malaysia
Mohamed Azam Mohamed Adil, Zuraidah Mohd-Sanusi,
Noor Azaliah Jaafar, Mohammad Mahyuddin Khalid
Asmah Abd Aziz
Mohamed Azam Mohamed Adil, Zuraidah Mohd-Sanusi,
Noor Azaliah Jaafar, Mohammad Mahyuddin Khalid
Asmah Abd Aziz
Abstract 
This study explores on the importance of financial management practices for different types of mosques in Malaysia. Questionnaires were administered to chairman and treasurer of 192 selected mosques available in Malaysia including Sabah and Sarawak. This study suggests that a proper and accurate recording of financial transactions, enhancing the accountability of chairman and treasurer is required in order to improve the productivity and performance effectiveness. The inclusion of these variables provides important implications for expanding our understanding of financial management practices in nonprofit organizations and creating new research opportunities. The result suggests that Malaysian mosques can enhance internal control system and performance to achieve mission and goals of these crucial institutions of societal development.
Keywords : Mosques; Accountability; Internal Control System; Financial Management Practices
References
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This study explores on the importance of financial management practices for different types of mosques in Malaysia. Questionnaires were administered to chairman and treasurer of 192 selected mosques available in Malaysia including Sabah and Sarawak. This study suggests that a proper and accurate recording of financial transactions, enhancing the accountability of chairman and treasurer is required in order to improve the productivity and performance effectiveness. The inclusion of these variables provides important implications for expanding our understanding of financial management practices in nonprofit organizations and creating new research opportunities. The result suggests that Malaysian mosques can enhance internal control system and performance to achieve mission and goals of these crucial institutions of societal development.
Keywords : Mosques; Accountability; Internal Control System; Financial Management Practices
References
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Ismail, M. F (2003). Peranan Masjid. Kuala Lumpur : Darul Nu’man.
Jokipii, A. (2010). Determinants and consequences of internal control in firms: a contingency theory based analysis. Journal Management Governance, 14: 115–144.
London, M. (2003). Job Feedback: Giving, Seeking, and Using Feedback for Performance Improvement. 2nd ed., Lawrence Erlbaum Associates, Mahwah, NJ.
Milani, K. (1975). The Relationship of Participation in Budget-Setting to Industrial Supervisor Performance and Attitudes: A Field Study. The Accounting Review, April, 50 (2): 274-284.
Rahman, L. A. & Ahmad, M. (1996). Pengantar Sains Pengurusan Masjid. Melaka: Majlis Agama Islam Melaka da nKolej Islam Melaka.
Rutkowski, K. A. and Steelman, L. A. (2005).Testing a Path Model for Antecedents of Accountability. Journal of Management Development, 24 (5): 473-486.
Shaoul, J, Stafford, A. and Stapleton, P. (2012). Accountability and Corporate Governance of Public Private Partnerships. Critical Perspectives on Accounting, 23 (3): 1-17.
Sulaiman, M, Siraj, S. A. & Mohamed Ibrahim, S. H. (2008).Internal Control Systems in West Malaysia’s State Mosques. The American Journal of Islamic Social Sciences Association of Muslim Social Scientists and the International Islamic University Malaysia, 25:1.
Velayutham, S. & Perera, M. H. B. (2004).The Influence of Emotions and Culture on Accountability and Governance. Corporate Governance, 4 (1): 52-64.
Wahab, A. A. (2008). Financial Management of Mosques in Kota Setar District: Issues and Challenges. College of Business Universiti Utara Malaysia.