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

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.Th...

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Main Authors: Shamsudin A.F., Hashim J., Wan Yusof W.S., Yusof A., Mohamad S., Yusof A.M., Zainudin N.H., Hashim H., Abidin I.Z.
Other Authors: 6507043324
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Published: Kolej University Islam Sultan Azlan Shah 2023
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spelling my.uniten.dspace-225432023-05-29T14:01:50Z A conceptual model for inter-state corporate waqf financing for higher learning Shamsudin A.F. Hashim J. Wan Yusof W.S. Yusof A. Mohamad S. Yusof A.M. Zainudin N.H. Hashim H. Abidin I.Z. 6507043324 56263844600 56073335500 57204922227 55213088100 56711008600 56711174000 57192792405 35606640500 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. Final 2023-05-29T06:01:49Z 2023-05-29T06:01:49Z 2015 Article 10.7187/GJAT782015.05.01 2-s2.0-84935443732 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84935443732&doi=10.7187%2fGJAT782015.05.01&partnerID=40&md5=fd1443d9eac1497cb57fd46fd8d2429a https://irepository.uniten.edu.my/handle/123456789/22543 5 1 51 58 All Open Access, Gold Kolej University Islam Sultan Azlan Shah Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description 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.
author2 6507043324
author_facet 6507043324
Shamsudin A.F.
Hashim J.
Wan Yusof W.S.
Yusof A.
Mohamad S.
Yusof A.M.
Zainudin N.H.
Hashim H.
Abidin I.Z.
format Article
author Shamsudin A.F.
Hashim J.
Wan Yusof W.S.
Yusof A.
Mohamad S.
Yusof A.M.
Zainudin N.H.
Hashim H.
Abidin I.Z.
spellingShingle Shamsudin A.F.
Hashim J.
Wan Yusof W.S.
Yusof A.
Mohamad S.
Yusof A.M.
Zainudin N.H.
Hashim H.
Abidin I.Z.
A conceptual model for inter-state corporate waqf financing for higher learning
author_sort Shamsudin A.F.
title A conceptual model for inter-state corporate waqf financing for higher learning
title_short A conceptual model for inter-state corporate waqf financing for higher learning
title_full A conceptual model for inter-state corporate waqf financing for higher learning
title_fullStr A conceptual model for inter-state corporate waqf financing for higher learning
title_full_unstemmed A conceptual model for inter-state corporate waqf financing for higher learning
title_sort conceptual model for inter-state corporate waqf financing for higher learning
publisher Kolej University Islam Sultan Azlan Shah
publishDate 2023
_version_ 1806426536233926656
score 13.211869

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