Proposing waqf percentage model (WPM) in the context of higher education

Allah Pitchay, Anwar and Abd Jalil, Mohamad Isa and Soekarno, Megawati and Mohd Thas Thaker, Mohamed Asmy (2020) Proposing waqf percentage model (WPM) in the context of higher education. Labuan E-Journal of Muamalat and Society, 14. pp. 87-98. ISSN 1985-482X E-ISSN 2672-7390

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Abstract

One of the critical hurdles for universities in the next decade will be financial sustainability. Only those institutions that have stable economic structures and steady income flows will be able to accomplish their numerous undertakings and counter any current and upcoming challenges. This article is proposing the model of cash Waqf by income percentage within the higher education context. The proposed model was shown to an expert to develop a greater understanding of the Waqf Percentage Model (WPM) as well as appraise its applicability, suitability and prospects in the market. The discoveries from the interviews have supported the appropriateness of the Waqf Percentage Model in providing significant financial amenities. Consequently, the model is thought to be extremely beneficial in providing financial amenities by providing a substitute for conventional monetary establishments. The government should consider it carefully as this model could help them to reduce expenses on Waqf development. Finally, the Waqf Percentage Model can also be adopted by the Waqf institutions of other Muslim countries.

Item Type:	Article (Journal)
Additional Information:	7210/86035
Uncontrolled Keywords:	Waqf, Higher education, Universities, Malaysia, Islam
Subjects:	BPH Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited:	10 Dec 2020 15:22
Last Modified:	10 Dec 2020 15:22
URI:	http://irep.iium.edu.my/id/eprint/86035

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