Empowering Malaysian Higher Education: A Review of Cash Waqf Practices

Rohayati Hussin, Nurul Mazrah Manshor, Farahdina Fazial and Muhammad Usman
Additional contact information
Rohayati Hussin: Faculty of Law, Universiti Teknologi MARA Cawangan Kedah, Kampus Sungai Petani,08400 Merbok, Kedah, Malaysia
Nurul Mazrah Manshor: Faculty of Law, Universiti Teknologi MARA Cawangan Kedah, Kampus Sungai Petani,08400 Merbok, Kedah, Malaysia
Farahdina Fazial: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA Cawangan Kedah, Kampus Sungai Petani,08400 Merbok, Kedah, Malaysia
Muhammad Usman: Department of Economics, Federal Urdu University of Arts, Science and Technology (FUUAST) Karachi, Pakistan

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 9, 3743-3756

Abstract: This study aims to examine the role of cash waqf in improving the sustainability and efficiency of higher education in Malaysia, with a focus on its impact on educational outcomes and institutional development. The research problem arises from the growing financial challenges faced by higher education institutions in Malaysia, which struggle to maintain quality and accessibility due to inadequate funding. While existing literature underscores the potential of waqf to address these financial shortfalls, particularly by enhancing access and quality, its full effectiveness is limited by challenges such as governance issues, regulatory barriers, and insufficient donor engagement. Thus, the objective of this study seeks to explore how cash waqf can overcome these challenges and contribute to the long-term sustainability of the higher education sector. The findings of the study reveal that cash waqf plays a significant role in boosting institutional performance, supporting funding structures, and fostering a conducive learning environment. Moreover, the integration of technology in waqf management, particularly in fund administration, enhances accountability among waqf managers and empowers donors, thereby opening up opportunities for innovative financing solutions. The policy implications suggest the need to revise policies that encourage public-private partnerships and improve the efficiency of waqf management through collaboration between universities and relevant waqf organisations. Additionally, understanding the socio-cultural factors influencing donor behaviour is critical for mobilising communities towards cash waqf contributions. The research also highlights the importance of tailored promotional strategies that resonate with cultural norms to sustain funding for higher education institutions. Consequently, this study provides valuable insights for policymakers and academic leaders on adopting effective cash waqf practices to strengthen the Malaysian higher education system.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-9/3743-3756.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... cash-waqf-practices/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:9:p:3743-3756

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().