Model of WAQF in higher education: integration between WAQF and endowment model

Waqf was introduced by Prophet Muhammad when he became the leader of Islam and was practiced until now. Basically the role of waqf is more to the service of humanity which brings enhancements to the socio-economic, harmony and prosperity of the Ummah. This research are conducted to discover the chal...

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Main Author:	Muhammad Fahmie, Abdullah
Format:	Thesis
Language:	eng eng
Published:	2018
Subjects:	LB2300 Higher Education
Online Access:	https://etd.uum.edu.my/8197/1/s822561_01.pdf https://etd.uum.edu.my/8197/2/s822561_02.pdf
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id	my-uum-etd.8197
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Hashim, Suraiya
topic	LB2300 Higher Education
spellingShingle	LB2300 Higher Education Muhammad Fahmie, Abdullah Model of WAQF in higher education: integration between WAQF and endowment model
description	Waqf was introduced by Prophet Muhammad when he became the leader of Islam and was practiced until now. Basically the role of waqf is more to the service of humanity which brings enhancements to the socio-economic, harmony and prosperity of the Ummah. This research are conducted to discover the challenge may arise in the implementation of waqf in Higher Education Institution (HEI) in Malaysia. The main objective of this study is to examine and compare endowment and waqf model as proposed in HEI. The methodology of this research is a qualitative research through document analysis of relevance references pertaining to endowment and waqf models. This study will analysing the method applied by endowment that might be adapted into waqf model in Malaysia. There are two higher education institution or universities with extensive experience in the field of endowment and one university practicing waqf have been selected as samples in this research. This study will analyse the endowment models in term of financial, source of fund, investment activities, management company, asset allocation and the distribution of return on investment. From the findings, this research will proposed a waqf model by using existing waqf model in Malaysia which adapted from successful endowment model that may enhance the effectiveness of waqf implementation.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Muhammad Fahmie, Abdullah
author_facet	Muhammad Fahmie, Abdullah
author_sort	Muhammad Fahmie, Abdullah
title	Model of WAQF in higher education: integration between WAQF and endowment model
title_short	Model of WAQF in higher education: integration between WAQF and endowment model
title_full	Model of WAQF in higher education: integration between WAQF and endowment model
title_fullStr	Model of WAQF in higher education: integration between WAQF and endowment model
title_full_unstemmed	Model of WAQF in higher education: integration between WAQF and endowment model
title_sort	model of waqf in higher education: integration between waqf and endowment model
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2018
url	https://etd.uum.edu.my/8197/1/s822561_01.pdf https://etd.uum.edu.my/8197/2/s822561_02.pdf
_version_	1747828348709502976
spelling	my-uum-etd.81972021-11-22T01:48:11Z Model of WAQF in higher education: integration between WAQF and endowment model 2018 Muhammad Fahmie, Abdullah Hashim, Suraiya Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business LB2300 Higher Education Waqf was introduced by Prophet Muhammad when he became the leader of Islam and was practiced until now. Basically the role of waqf is more to the service of humanity which brings enhancements to the socio-economic, harmony and prosperity of the Ummah. This research are conducted to discover the challenge may arise in the implementation of waqf in Higher Education Institution (HEI) in Malaysia. The main objective of this study is to examine and compare endowment and waqf model as proposed in HEI. The methodology of this research is a qualitative research through document analysis of relevance references pertaining to endowment and waqf models. This study will analysing the method applied by endowment that might be adapted into waqf model in Malaysia. There are two higher education institution or universities with extensive experience in the field of endowment and one university practicing waqf have been selected as samples in this research. This study will analyse the endowment models in term of financial, source of fund, investment activities, management company, asset allocation and the distribution of return on investment. From the findings, this research will proposed a waqf model by using existing waqf model in Malaysia which adapted from successful endowment model that may enhance the effectiveness of waqf implementation. 2018 Thesis https://etd.uum.edu.my/8197/ https://etd.uum.edu.my/8197/1/s822561_01.pdf text eng 2021-05-23 public https://etd.uum.edu.my/8197/2/s822561_02.pdf text eng public other masters Universiti Utara Malaysia Abdullah, Z. H. (2008). The Investment Of Waqf Land As An Instrument Of Muslims’ Economic Development In Malaysia. Al Khassaf, A. B.-S.-M.-K. (1904). KitabAhkam Al-Waqf. Al-Qahirah: Maktabat alThaqafa. Alhabshi, S. O. (2012). Wealth Planning and Management (M. T. Md Ibrahim Ed. 2012 ed.). Azniza Hartini Azrai Azaimi Ambrosea,. M. (2015). The Possible Role of Waqf in Ensuring A Sustainable Malaysian Federal Government Debt. Procedia Economics and Finance 31, 333-345. Board, F. A. (2008). Statement of financial accounting standards no. 117 fnancial statements of not-for-profit organizations. Commision, S. (n.d.). Shariah-compliant funds: Investing in Diversified Protfolio of Shariah Compliant Instrument. Security Commission Malaysia. Creswell, J. W. (2009). Research Design, Qualitative, Quantitative and Mixed Methods Approaches. . California: Sage Publication. Dzuljastri Abdul Razak, N. E. (2017). A Study on Sources of Waqf Funds For Higher Education in Selected Countries. Fadilah, S. (2015). Going Concern: An Implementation inWaqf Institutions (Religious Charitable Endowment). Procedia - Social and Behavioral Sciences 211, 356-363. Fahda, H. M. (2016). Islamic Financial System Principles and Operation . Kuala Lumpur: Internation Shari'ah Research Academy for Islamic Finance (ISRA). Farhana Mohamad Suhaimi, A. A. (2014). The role of share waqf in the socio-economic development of the Muslim community The Malaysian experience. Humanomics, Vol. 30, Issue: 3, pp.227-254. Haight, G. T. (2007). How to select investment managers and evaluate performance: A guide for pension funds, endowments, foundations and trusts. Somerset, NJ: John Wiley and Sons. Hamid, B. B. (2015). Waqf Higher Education: Implementation Model In University College Bestari (UCB), Terengganu, Malaysia. Media Syariah, Vol.17 No.2. Hamid, B. B. (2017). Waqf Higher Education: Implementation Model In University College Bestari (UCB), Terengganu, Malaysia. Wahana Kajian Hukum Islam dan Pranata Sosial, Vol. 19, No. 2. Ho, C. S. (2015). International comparison of Shari’ah compliance screening standards . International Journal of Islamic and Middle Eastern Finance and Management. Hydzulkifli Hashim Omar, A. A. (2013). The Structuring for Development and Management Waqf Properties in Malaysia . Journal of Human Development and Communication, 45-59. Kahf, M. (1998). Financing the development of Waqf property. International Seminar on Awqaf and Economic Development of Waqf, Kuala Lumpur Malaysia. Khan, M. T. (2015). Historical Role of Islamic Waqf in Poverty Reduction in Muslim Society. The Pakistan Development Review. Mahamood, S. M. (2001). The Legal Principles of Waqf: An Analysis. Journal Syariah, 9(2), pp. 1-12. Mahmood, S. M. (2007). embentukan Dana Wakaf Menurut Perspektif Syariah dan Undang-Undang Serta Aplikasinya di Malaysia. Journal Syariah, 15(2), pp. 61-83. Maznah Zakaria, M. S. (2014). Pelaporan Wakaf di Malaysia: Mengenalpasti Keperluan Maklumat Pemegang Kepentingan. PROSIDING PERKEM ke-9 , 226 - 233. McElhaney, R. L. (2010). The Effects of Higher Education Endowment Management Practices on Endowment Performance. Dissertations. Mughnisari, L. U. (2015). Waqf Experience In Indonesia. Muhammad Ridhwan Ab. Aziz, F. J. (2014). Cash Waqf Models For Financing In Education. Noor Aimi Bt Mohd Puad, N. B. (2014). Issues and Challenges of Waqf Instrument: A Case Study in MAIS. Synergizing Knowledge on Management and Muamalah. Norinah Mohd Ali, M. R. (2015). Necessity of Effective and Efficient Business Model For Development of Waqf Lands in Malaysia. Norma Md Saad, S. K. (2016). Best practices of waqf: Experiences of Malaysia and Saudi Arabia. Journal of Islamic Economics Lariba, vol. 2, issue 2: 57-74. Norma Md. Saad, M. S. (2010). A comparative analysis of the performance of conventional and Islamic unit trust companies in Malaysia. International Journal of Managerial Finance, 1-25. Rahman, S. M. (2015). Financing universities through waqf, pious endowment: is it possible? Humanomics, Vol. 31 Iss 4 pp. 430 - 453. Sadeghi, M. (2008). Financial Performance of Shariah-Compliant Investment: Evidence from Malaysian Stock Market . International Research Journal of Finance and Economics . Siti Mashitoh Mahamood, &. A. (2014). Waqf Financing for Higher Education: Contemporary Funding. In Proceeding Pelestarian Institusi Wakaf: Memperkasa Pendidikan Tinggi. Sulong, J. b. (2013). Permissibility of Istibdal in Islamic Law and the Practice in Malaysia. Journal of US-China Public. Wahid, S. Z. (2014). Peranan dan Kepentingan Dana Wakaf Institusi Pendidikan Tinggi di Malaysia. Prosiding PERKEM Ke-9, 216 - 225 ISSN: 2231-962X.

Model of WAQF in higher education: integration between WAQF and endowment model

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