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Empowering Malaysian Higher Education: A Review of Cash Waqf Practices

Author

Listed:
  • 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)

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.

Suggested Citation

  • Rohayati Hussin & Nurul Mazrah Manshor & Farahdina Fazial & Muhammad Usman, 2024. "Empowering Malaysian Higher Education: A Review of Cash Waqf Practices," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(9), pages 3743-3756, September.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:3743-3756
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    References listed on IDEAS

    as
    1. Tengteng Zhuang & Baocun Liu, 2022. "Sustaining Higher Education Quality by Building an Educational Innovation Ecosystem in China—Policies, Implementations and Effects," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    2. Muhammad Usman & Asmak Ab Rahman, 2022. "Funding higher education throughwaqf: a lesson from Malaysia," International Journal of Ethics and Systems, Emerald Group Publishing Limited, vol. 39(1), pages 107-125, April.
    3. Siti Razifah Khamis & Marhanum Che Mohd Salleh, 2018. "Study On The Efficiency Of Cash Waqf Management In Malaysia," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 4(1), pages 61-84, August.
    4. repec:eme:ijoes0:ijoes-12-2021-0217 is not listed on IDEAS
    5. Samir Abdelaziz, 2022. "The Relation between Good Governance and Improving Performance in the Higher Education -HE- Institutions," Business and Management Studies, Redfame publishing, vol. 8(2), pages 1-24, December.
    6. Buerhan Saiti & Adama Dembele & Mehmet Bulut, 2021. "The global cashwaqf: a tool against poverty in Muslim countries," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 13(3), pages 277-294, February.
    7. Muhammad Usman & Asmak Ab Rahman, 2020. "Funding higher education throughwaqf: a lesson from Pakistan," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 14(2), pages 409-424, November.
    8. Muhammad Iqmal Hisham Kamaruddin & Mustafa Mohd Hanefah & Rosnia Masruki, 2022. "Challenges and prospects inwaqfreporting practices in Malaysia," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 22(3), pages 752-765, April.
    9. Habeebullah Zakariyah & Adnan Opeyemi Salaudeen & Anwar Hasan Abdullah Othman & Romzie Rosman, 2023. "The determinants of financial technology adoption amongst Malaysian waqf institutions," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 50(9), pages 1302-1322, March.
    10. Muhammad Usman & Asmak Ab Rahman, 2020. "Funding higher education throughwaqf: a lesson from Pakistan," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 14(2), pages 409-424, November.
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