EN
DIVERSIFYING INCOME GENERATION THROUGH WAQF IN PUBLIC UNIVERSITIES IN MALAYSIA: EFFORTS AND CHALLENGES
Abstract
In contemporary times, Ministry of Higher Education
(MoHE) in Malaysia has announced that public universities are expected to find alternatives for
income generation due to government budgetary constraints. The universities should
draw on diverse sources of revenue to
ensure long-term financial sustainability of their education system. The inherent features and good track of waqf in the prominent universities in the world is seen
as a possible solution to fund public
universities in Malaysia. Hence, the Ministry
of Higher Education has highlighted waqf as one of the ten shifts in Malaysian
Education Blueprint 2015-2025 (Higher Education). Additionally, MoHE has
launched the “University Transformation Programme” (UniTP) Purple Book
specifically focusing on enhancing university
revenue generation through waqf. The extreme
pressure has caused public universities
to set up waqf entity towards realizing the government’s aim. The UniTP Purple
Book becomes the reference for public universities
to set up a waqf entity in their institutions. Therefore, this paper seeks to look briefly into the Malaysian
Education Blueprint 2015-2025 (Higher Education) which outlines various areas
for university transformation a well as a brief discuasion
about UniTP Purple Book will be made
which serves as a guideline to public universities
to initiate waqf entity. Besides, this article further investigates the efforts
towards realizing waqf funds in public universities
as well as the challenges that arise. This study has incorporated qualitative
and exploratory approaches. Data
collected will be analyzed based on content analysis approach. In conclusion
part, the researchers offer some recommendations
to face the challenges that occur for future waqf in Malaysia’s higher
education. In addition, the landscape of
waqf implementation in other Islamic countries such as Turkey could be the best
reference for Malaysia to learn from and adapt. More importantly, it is hoped that this paper would
contribute to the betterment of waqf implementation in Malaysian public
universities.
Keywords
References
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Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Authors
Rohayati Hussin
Malaysia
Rusnadewi Abdul Rashid
Malaysia
Publication Date
April 30, 2017
Submission Date
April 28, 2017
Acceptance Date
April 12, 2017
Published in Issue
Year 1970 Volume: 3 Number: 7