A conceptual model for inter-state corporate waqf financing for higher learning

Ahmad Faizul Shamsudin, Jamil Hashim, Wan Sabri Wan Yusof, Anas Yusof, Saadiah Mohamad, Afrah Munirah Yusof, Nur Hidayah Zainudin, Hanita Hashim, Izham Zainal Abidin

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

Higher education is over dependent on public funds, cash endowments and business contributions which are non-perpetual and may only concern the current and immediate future generations.A resource-based corporate waqf to develop and sustain the higher education sectorwill be explored in this paper.Theresourcebased (from output of harnessing water, energy, land banks and forests) corporate waqf financing are by itself inherently perpetual and sustainable. However, the conventionaltheory of perpetual resource flows across state's borders may constrain the inter-state flow of waqf funds. An Islamic economic theoretical framework of resource-based corporate waqf financing is explored in this study. The optimization of costeffective allocation of burdens of responsibility between many sources (power generators) and receptors (higher education institutions, students) of corporate waqf is modelled. A literature review of Islamic approachesreveal for example, the Islamic principles of Al-Hisbah (administration of public interest) that can minimize the burdens to be shared by the inter-state sourcesand receptors in the interstate model.

Original languageEnglish
Pages (from-to)51-58
Number of pages8
JournalGlobal Journal Al-Thaqafah
Volume5
Issue number1
DOIs
Publication statusPublished - 01 Jan 2015

Fingerprint

theoretical economics
resources
learning
education
public interest
bank
energy
water
responsibility
Waqf
Financing
Conceptual Model
student
Resources
Burden
literature
Public Interest
Energy
Future Generations
Responsibility

All Science Journal Classification (ASJC) codes

  • Cultural Studies
  • Arts and Humanities(all)

Cite this

Shamsudin, Ahmad Faizul ; Hashim, Jamil ; Wan Yusof, Wan Sabri ; Yusof, Anas ; Mohamad, Saadiah ; Yusof, Afrah Munirah ; Zainudin, Nur Hidayah ; Hashim, Hanita ; Zainal Abidin, Izham. / A conceptual model for inter-state corporate waqf financing for higher learning. In: Global Journal Al-Thaqafah. 2015 ; Vol. 5, No. 1. pp. 51-58.
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Shamsudin, AF, Hashim, J, Wan Yusof, WS, Yusof, A, Mohamad, S, Yusof, AM, Zainudin, NH, Hashim, H & Zainal Abidin, I 2015, 'A conceptual model for inter-state corporate waqf financing for higher learning', Global Journal Al-Thaqafah, vol. 5, no. 1, pp. 51-58. https://doi.org/10.7187/GJAT782015.05.01

A conceptual model for inter-state corporate waqf financing for higher learning. / Shamsudin, Ahmad Faizul; Hashim, Jamil; Wan Yusof, Wan Sabri; Yusof, Anas; Mohamad, Saadiah; Yusof, Afrah Munirah; Zainudin, Nur Hidayah; Hashim, Hanita; Zainal Abidin, Izham.

In: Global Journal Al-Thaqafah, Vol. 5, No. 1, 01.01.2015, p. 51-58.

Research output: Contribution to journalArticle

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Shamsudin AF, Hashim J, Wan Yusof WS, Yusof A, Mohamad S, Yusof AM et al. A conceptual model for inter-state corporate waqf financing for higher learning. Global Journal Al-Thaqafah. 2015 Jan 1;5(1):51-58. https://doi.org/10.7187/GJAT782015.05.01