期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2021
卷号：25
期号：5
页码：1-14
语种：English
出版社：The DreamCatchers Group, LLC
摘要：The research will be focusing on CWLS's growth and development of its implementation by researching its potential utilization in the capital market and the challenges and setbacks that affect the growth and penetration of the instrument in the capital market. The research study utilizes a combination research method, which utilizes both qualitative research and quantitative research, which are achieved through conducting primary interviews with the critical interviewees within the related field of expertise to the topic of the research and utilizing Analytical Hierarchical Process (AHP), which enable the quantitative method to be utilized using the qualitative data inputs from the interviews. The results are shown that CWLS is still lagging in terms of regulations and laws conforming. In addition to the lack of socialization or education to introduce the CWLS instrument to the potential investors. Nevertheless, along with the challenge, the population's adaptation capabilities to information technology and financial literacy affect the lack of growth and development of CWLS to be implemented. On the other hand, the research has shown a confident perspective in regards to the potential utilization and the features with the diverse investment activities and Shariah compliance adaptation implemented through CWLS, opening more opportunity for a more varied scale of implementation as well as a variety of investment activities and asset under management.
关键词：Cash Waqf;Sukuk;Islamic Instrument;Analytical Hierarchy Process
