DIVERSIFYING INCOME GENERATION THROUGH WAQF IN PUBLIC UNIVERSITIES IN MALAYSIA: EFFORTS AND CHALLENGES
Rohayati Hussin1* and Rusnadewi Abdul Rashid2
1 Ms., UiTM, Malaysia, rohayati274@gmail.com
2 Dr., UiTM, Malaysia, rusnadewi@perlis.uitm.edu.my
*Corresponding author
Abstract
In contemporary times, Ministry of Higher Education (MoHE) in Malaysia has announced that public universities are expected to find another alternative for income generation due to government budgetary constraints. They have to 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, 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 waqf entity in their institutions. Therefore, this paper seeks to look briefly into Malaysian Education Blueprint 2015-2025 (Higher Education) which outlines various areas for university transformation a well as a brief enlightenment about UniTP Purple Book will be which serves as a guideline to public universities to initiate waqf entity. Besides, this article further investigates the efforts towards realizing waqf fund in public universities as well as the challenges arises. This study has incorporated qualitative and exploratory approaches. Data data collected will be analyzed based on content analysis approach. In conclusion part, the researchers offers some recommendations to the challenges 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 and adapt. More importantly, it hoped that this paper would contribute to the betterment of waqf implementation in Malaysian public universities.
Keywords: Blueprint, Education, Purple Book, University, and Waqf
| FULL TEXT PDF |  |