Reimagining University Funding: Legal Dimensions of Unlocking Waqf Potential in Higher Education

Mohd Shahid Azim Mohd Saufi, Ahmad Tarmizi Jusoh, Ahmad Yusairi Yusli, Mohd Adib Abd Muin and Mohd Izzat Mohd Abd Shukur
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Mohd Shahid Azim Mohd Saufi: Faculty of Business and Management, Universiti Teknologi MARA (UiTM) Kedah Branch, Malaysia
Ahmad Tarmizi Jusoh: Rosidi Mustafa & Harryzan, Advocates & Solicitors Syarie Counsel, Pulau Pinang, Malaysia
Ahmad Yusairi Yusli: Faculty of Islamic Studies, Universiti Islam Antarabangsa Tuanku Syed Sirajuddin (UniSIRAJ), Malaysia
Mohd Adib Abd Muin: Islamic Business School, College of Business, Universiti Utara Malaysia (UUM), Sintok, Kedah, Malaysia
Mohd Izzat Mohd Abd Shukur: School of Islamic Studies and Human Sciences, MAIWP Professional College (KPMAIWP), Malaysia

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 8, 2861-2870

Abstract: This paper explores the transformative potential of waqf as an alternative and sustainable source of university funding, with a specific focus on its legal dimensions. In light of increasing financial constraints faced by higher education institutions, waqf an Islamic endowment rooted in charitable giving offers a viable and culturally relevant mechanism for long-term financial sustainability. However, the effective implementation of waqf in modern university governance requires robust legal frameworks, clear regulatory guidelines, and institutional support. This study analyses existing laws and policies governing waqf in selected jurisdictions, identifies legal gaps, and proposes reforms that could enhance the operationalization of waqf in higher education settings. By bridging the disciplines of Islamic finance, education policy, and law, the paper aims to contribute to a more integrated approach in reimagining university funding strategies through the lens of legal empowerment and waqf revival.

Date: 2025
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