A proposed competency model for cash waqf manager in Malaysia and Indonesia

This article proposes a competency model for cash waqf manager in Malaysia and Indonesia as cash waqf is the most prominent type of waqf, owing to its flexibility and the potential solutions it can provide. There are issues and challenges in waqf management, such as the poor quality of the workforce and the lack of expertise and knowledge in asset and operational management, real estate, and finance that may result in underperforming waqf assets and a low return on investments. To derive an understanding of the competency requirements for managing cash waqf, this study employed a qualitative approach via library research to obtain relevant data from selected databases, researchers, religious sources, books, reports, and electronic sources. The competency model is proposed based on the knowledge, skills and other competency model and three domains of learning such as knowledge, psychomotor and affective. The proposed competency model is recommended to the industry players in solving critical issues of human talent in Islamic social finance and specifically in waqf management. The results of this study can provide valuable insights for the Human Resource Department in its efforts to recruit cash waqf managers, design training programmes, and establish effective succession planning strategies.