A study on sources of Waqf funds for higher education in selected countries

Abdul Razak, Dzuljastri and Che Embi, Nor Azizan and Che Mohd Salleh, Marhanum and Fakhrunnas, Faaza (2016) A study on sources of Waqf funds for higher education in selected countries. In: International Joint Conference on Islamic Economics and Finance (IJCIEF), 1st-3rd September 2016, Istanbul, Turkey.

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Abstract

The waqf concept has nowadays been utilized to meet various purposes including housing, poverty alleviation, financingand also for education. In general, the ultimate aim of the waqf concept is to bring benefit to the society. This study aims at reviewing literatures on the sources of waqf funds for higher education in selected countries such as Malaysia, Indonesia, Turkey and United Kingdom. Adopting the content analysis methodology, it is found that there are significant numbers of waqf and endowment-based universities that have implemented the waqf principle in their education system. Nonetheless, they have their own unique mechanism. This studyalso observed that waqf fund hassuccessfully upgraded the education system in these countries and provides opportunity for the poorand needy. Hence, it is suggested that the waqf board of higher education institutions further promote the utilization of waqf as it brings fairness and benefits to society.

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	4433/52520
Uncontrolled Keywords:	Waqf Funds,Higher Education Institutions, Malaysia, Indonesia, Turkey, UK
Subjects:	K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP173.25 Islamic law and other disciplines or subjects
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	04 Nov 2016 11:22
Last Modified:	14 Dec 2016 22:09
URI:	http://irep.iium.edu.my/id/eprint/52520

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