Financial management practices of mosques in Sri Lanka: an observation

Abstract

In accordance with Islamic conception, the mosque is a centre for community development. It has to play a crucial role in various aspects of Muslim life in Sri Lanka context of Muslim minority. For this, it is required that mosque maintains a healthier financial performance. The purpose of the study is to examine the financial practices of the mosques in Sri Lanka. This study utilises a survey along with in-depth observation and interview to examine the nature of this financial behaviour in Sri Lanka. Results revealed that mosque finance is conservative and simple mostly dominated by the condition of resource scarcity. This study also discovered that mosque needs to maintain financial management strategies to conduct more quality and quantity program and mosque needs to recognize the importance of fundraising activity.