Financing higher education through waqf in Pakistan : issues and challenges

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, document...

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Main Authors: Muhammad Usman, Asmak Ab Rahman
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2021
Online Access:http://journalarticle.ukm.my/17795/
http://journalarticle.ukm.my/17795/1/32997-168091-1-PB.pdf
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author Muhammad Usman,
Asmak Ab Rahman,
author_facet Muhammad Usman,
Asmak Ab Rahman,
author_sort Muhammad Usman,
building UKM Institutional Repository
collection Online Access
description 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.
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spelling oai:generic.eprints.org:177952022-01-01T07:20:52Z http://journalarticle.ukm.my/17795/ Financing higher education through waqf in Pakistan : issues and challenges Muhammad Usman, Asmak Ab Rahman, 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. Penerbit Universiti Kebangsaan Malaysia 2021 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/17795/1/32997-168091-1-PB.pdf Muhammad Usman, and Asmak Ab Rahman, (2021) Financing higher education through waqf in Pakistan : issues and challenges. Jurnal Pengurusan, 62 . pp. 1-15. ISSN 0127-2713 https://ejournal.ukm.my/pengurusan/issue/view/1426
spellingShingle Muhammad Usman,
Asmak Ab Rahman,
Financing higher education through waqf in Pakistan : issues and challenges
title Financing higher education through waqf in Pakistan : issues and challenges
title_full Financing higher education through waqf in Pakistan : issues and challenges
title_fullStr Financing higher education through waqf in Pakistan : issues and challenges
title_full_unstemmed Financing higher education through waqf in Pakistan : issues and challenges
title_short Financing higher education through waqf in Pakistan : issues and challenges
title_sort financing higher education through waqf in pakistan : issues and challenges
url http://journalarticle.ukm.my/17795/
http://journalarticle.ukm.my/17795/
http://journalarticle.ukm.my/17795/1/32997-168091-1-PB.pdf