Waqf for Education: Islamic Philanthropic Initiative in Pakistan and Bangladesh
DOI:
https://doi.org/10.63919/ajmpce.v1i1.11Kata Kunci:
Waqf Management, Higher Education, Islamic Philanthropy, Cash Waqf, Pakistan, Bangladesh.Abstrak
This study investigates the potential of waqf (Islamic endowment) as an alternative funding mechanism for higher education in Pakistan and Bangladesh. Employing a qualitative literature review method, the research analyzes the distinct management models and challenges inherent in both countries. In Pakistan, waqf assets for education are primarily managed by private entities with minimal state coordination, whereas Bangladesh faces systemic issues of regulatory weakness and low public engagement despite its rich historical tradition of waqf. The findings indicate that this potential can be optimized through innovative instruments like cash waqf, which offers flexible funding for scholarships, infrastructure, and institutional operations. The study concludes that strategic measures—including regulatory strengthening, enhanced transparency in governance, and public awareness campaigns—are essential to maximize waqf's contribution. Effective implementation could reduce reliance on public and external funding, positioning waqf as a sustainable pillar for educational development in both nations.
Unduhan
Referensi
Abdul Shukor, S., Johari, F., Abd Wahab, K., Kefeli @ Zulkefli, Z., Ahmad, N., Haji Alias, M., Abdul Rahman, A., Mohd Orip, N. M., Ibrahim, P., & Abu-Hussin, M. F. (2019). Trust on awqaf institutions: Evidence from Malaysia. Journal of Islamic Marketing, 10(2), 511–524. https://doi.org/10.1108/JIMA-05-2017-0054
Adinugraha, H. H., Shulthoni, M., & Sain, Z. H. (2024). Transformation of cash waqf management in Indonesia: Insights into the development of digitalization. Review of Islamic Social Finance and Entrepreneurship, 50–66. https://doi.org/10.20885/RISFE.vol3.iss1.art4
Bonang, D., Ismail, S., & Raditya Sukmana. (2024). Empowering the future of cash waqf through digitalisation: An insight into the philanthropic intention of the Indonesian Muslim community. ISRA International Journal of Islamic Finance, 16(S1), 94–117. https://doi.org/10.55188/ijif.v16iS1.586
Candra Susanto, P., Yuntina, L., Saribanon, E., Panatap Soehaditama, J., & Liana, E. (2024). Qualitative method concepts: Literature review, focus group discussion, ethnography and grounded theory. Siber Journal of Advanced Multidisciplinary, 2(2), 262–275. https://doi.org/10.38035/sjam.v2i2.207
Collins, C. S., & Stockton, C. M. (2018). The central role of theory in qualitative research. International Journal of Qualitative Methods, 17(1), 1609406918797475. https://doi.org/10.1177/1609406918797475
Frost, J., Garside, R., Cooper, C., & Britten, N. (2016). Meta-study as diagnostic: Toward content over form in qualitative synthesis. Qualitative Health Research, 26(3), 307–319. https://doi.org/10.1177/1049732315619381
Harahap, A., & Yus, Y. (2022). Exploration of the use of waqf assets at educational institutions. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(2), 801–814. https://doi.org/10.31538/iijse.v5i2.2112
Hasan, R., & Siraj, S. A. (2016). Complexities of waqf development in Bangladesh. Journal of Emerging Economies and Islamic Research, 4(3), 17. https://doi.org/10.24191/jeeir.v4i3.9093
Hoque, M. N. (2020). Financing HEIs through waqf fund in Bangladesh: Issues and possibilities. International Journal of Accounting & Finance Review, 5(3), 1–15. https://doi.org/10.46281/ijafr.v5i3.805
Ihsan, H., Eliyanora, E., Fauzi, N., Gustina, G., & Echchabi, A. (2020). Strategies and tools for effective awqaf asset management. Proceedings of the 1st International Conference on Applied Social Sciences, Business, and Humanity, ICo-ASCNITY, 2 November 2019, Padang, West Sumatra, Indonesia. https://doi.org/10.4108/eai.1-11-2019.2294009
Khan, S. N. (2014). Qualitative research method: Grounded theory. International Journal of Business and Management, 9(11), p224. https://doi.org/10.5539/ijbm.v9n11p224
Kharomah, L. N., Zein, A., & Syam, S. (2023). Implementation of waqf management in the development of Islamic education. Munaddhomah: Jurnal Manajemen Pendidikan Islam, 3(3), 241–254. https://doi.org/10.31538/munaddhomah.v3i3.281
Mahamood, S. M., & Ab Rahman, A. (2015). Financing universities through waqf, pious endowment: Is it possible? Humanomics, 31(4), 430–453. https://doi.org/10.1108/H-02-2015-0010
Majid, N. H. A., Omar, A. M., & Busry, L. H. (2023). Reviving waqf in higher education institutions: A comparative review of selected countries. Proceedings of the 337–344. https://doi.org/10.15405/epsbs.2023.11.02.25
Nabi, Md. G., Islam, Md. A., Bakar, R., & Masuduzzaman, M. (2019). Using waqf for socio-economic development in Bangladesh: Potentials, challenges, and policy directions. In K. M. Ali, M. K. Hassan, & A. E. E. S. Ali (Eds.), Revitalization of Waqf for Socio-Economic Development, Volume I (pp. 107–133). Springer International Publishing. https://doi.org/10.1007/978-3-030-18445-2_7
Priyadi, U., Achiria, S., Imron, M. A., & Zandi, G. R. (2022). Waqf management and accountability: Waqf land financing models for economic wellbeing. Asian Economic and Financial Review, 13(1), 74–84. https://doi.org/10.55493/5002.v13i1.4696
Rohmana, Y. (2023). University funding through waqf: Lessons from Indonesia and selected countries. In M. I. Hapsari & M. B. F. Zusak (Eds.), 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloquium (ICIEBP) 2022 (Vol. 232, pp. 218–231). Atlantis Press International BV. https://doi.org/10.2991/978-94-6463-176-0_15
Saidon, R., & Azam, A. A. M. (2023). A case study of waqf fund in tertiary education. Business and Management Horizons, 11(2), 25. https://doi.org/10.5296/bmh.v11i2.21033
Usman, H., Mulia, D., Chairy, C., & Widowati, N. (2022). Integrating trust, religiosity and image into technology acceptance model: The case of the Islamic philanthropy in Indonesia. Journal of Islamic Marketing, 13(2), 381–409. https://doi.org/10.1108/JIMA-01-2020-0020
Usman, M., & Ab Rahman, A. (2021). Funding higher education through waqf: A lesson from Pakistan. International Journal of Islamic and Middle Eastern Finance and Management, 14(2), 409–424. https://doi.org/10.1108/IMEFM-05-2019-0200
Uula, M. M., & Kassim, S. F. M. (2023). Accounting for waqf: A survey on Scopus-based literatures. Accounting and Sustainability, 2(1). https://doi.org/10.58968/as.v2i1.298
##submission.downloads##
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2025 Muhammad Mansur, Try Rama Bagus Sanjaya, Razali, Vio Pratama

Artikel ini berlisensiCreative Commons Attribution-ShareAlike 4.0 International License.










