Empowering the Social Economic Status of Higher Education Institution in Malaysia Through Waqf Fund

Abstract

Education waqf fund is one of the important and debated issues nowadays. The need for education waqf fund is critical during the uncertain times. The history and development of Islamic waqf have benefitted the Muslims by increasing the social economic status through the development of education. This research will focus on the development of education by using the waqf fund. The public universities in Malaysia have developed steps in strengthening education waqf by reducing dependence on government fund. In strengthening the research, writer try to clarify the mechanism that have been used by higher education system in Malaysia to increase the social economic status through waqf.