Crowdfunding for Higher Education in Malaysia: A Revolutionary Mechanism for Funding

Zaid Mat Yusop, Muhammad Nazmul Hoque, Norhayati Mohamed, Norashikin Misnan, Aini Qamariah Mohd Yusof () and Muhammad Nizam Jali
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Zaid Mat Yusop: Universiti Poly-Tech Malaysia
Muhammad Nazmul Hoque: Universiti Teknologi MARA
Norhayati Mohamed: Universiti Teknologi MARA
Norashikin Misnan: Universiti Poly-Tech Malaysia
Aini Qamariah Mohd Yusof: Universiti Teknologi MARA
Muhammad Nizam Jali: Universiti Poly-Tech Malaysia

A chapter in Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-10 2022), 2025, pp 1158-1168 from Springer

Abstract: Abstract This research explores the possibilities of leveraging crowdfunding mechanisms to revolutionise higher education funding in MalaysiaThe study assesses the potential impact of crowdfunding on expanding access to education, promoting innovation, and fostering community engagement within the higher education sector. The research employs a semi-structured interview method. The interview involves collecting data on existing crowdfunding campaigns in the education sector, focusing on their success rates, funding levels, and donor demographics. The qualitative analysis involves in-depth interviews with higher education stakeholders, including officers, institutional leaders, and potential donors. This research aims to find out if crowdfunding is a feasible and sustainable funding mechanism for higher education institutions in Malaysia. It will demonstrate the potential of crowdfunding to expand access to education for underprivileged students and catalyse innovative educational programs. The study also uncovers the regulatory and equity challenges linked with crowdfunding for education, offering insights into potential solutions to overcome these obstacles. The study’s findings contribute to the existing body of knowledge by providing empirical insights into using crowdfunding as a transformative force in higher education funding in Malaysia. The results guide policymakers, institutions, and stakeholders in making informed decisions about the feasibility, benefits, and challenges of implementing a crowdfunding mechanism. By unpacking the potential of crowdfunding, this research advances discussions on diversifying and democratising funding sources for higher education, ultimately contributing to the advancement of Malaysia’s education landscape.

Keywords: Crowdfunding; Malaysia; Transparency; Accountability (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-839-4_95

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