Financing Higher Education through Waqf in Pakistan: Issues and Challenges
Pembiayaan Institusi Pengajian Tinggi Menerusi Wakaf di Pakistan: Isu dan Cabaran

Department of Economics
College of Economics and Social Development,
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Sindh 75190, PAKISTAN.

muhammad.usman@iobm.edu.pk, muhammadusmanara@gmail.com

Department of Shariah and Economics
Academy of Islamic Studies
University of Malaya
50603 Kuala Lumpur, MALAYSIA.

asmak@um.edu.my

Abstract

This paper aims to study various issues waqf faces in general in Pakistan and probes in particular impediments and challenges to waqf funding in higher education. The paper formulates its arguments and results on the basis of information gleaned from twelve interviewees, archival records, documents and library sources. It looks at the subject matter from three different perspectives; government, waqf for higher educational institutions and general society. Waqf practice for higher education in Pakistan is largely restricted to private sector and is marred by various issues and challenges, including lack of legal framework and government support. Equally, lack of transparency and fears of centralisation have stifled its integrity and prospects for growth. Since society does not fully grasp waqf assets’ eternal nature characterised by perpetuity, irrevocability and inalienability, most of the waqf assets fail to receive sustained support. These challenges can be overcome through proper planning, understanding, and awareness of waqf. Hence, it is the responsibility of the government to make laws and provide a feasible environment for waqf practice in higher education funding as a third sector.

Keywords

higher education; issues and challenges; Pakistan; third sector; Waqf
https://doi.org/10.17576/pengurusan-2021-62-13

Citation

Usman, M., & Ab Rahman, A. (2021). Financing Higher Education through Waqf in Pakistan: Issues and Challenges. Jurnal Pengurusan, 62, 159–172. https://doi.org/10.17576/pengurusan-2021-62-13

@article{usman2021financing,
  title={Financing Higher Education through Waqf in Pakistan: Issues and Challenges},
  author={Usman, Muhammad and Ab Rahman, Asmak},
  journal={Jurnal Pengurusan},
 

volume={62},
  number={},
  pages={159—172},
  year={2021},
  doi={https://doi.org/10.17576/pengurusan-2021-62-13},
  publisher={Penerbit UKM},
}

Export Bibliography:

No. of views: 254

   

Article received:  
Accepted for publication:  
Available online: 

Issue logo

62 (2021) 159 – 172

Download PDF

Share via:

Similar Articles

  1. Knowledge Acquisition and Product Development Capability Magnify Competitive Advantage: Insight into Higher Education Institutions of Pakistan
  2. “Capital Investment Anomaly” and “Accruals Anomaly”: Independent or Inter-Dependent? – Evidence from South Asia
  3. Model Perbankan Wakaf Korporat: Analisis Wakaf Selangor Muamalat

Receive updates when new articles are published