Higher Education Financing Through Islamic Endowment Funds (Waqf): Literature Review and Lessons For University Management

Yana Rohmana, Suci Aprilliani Utami, Qudratov Inomjon

Abstract


Purpose – This study examines literature related to higher education funding through waqf (Islamic endowment funds) published in reputable international journals. So as to provide an understanding of the existence of potential alternative sources in education funding.

Methodology - Literature review is used as an approach in this study. Synthesizing research findings is the best way to present evidence at the meta level and cover the research area. Use selected papers indexed in Scopus published from 2000–2025. Papers are classified into three main topics: Waqf Fundraising, Waqf Fund Utilization, and Waqf Fund/Asset Management.

Findings - Most of the sources for raising educational waqf funds come from internal sources, namely alumni contributions with the type of cash waqf. Based on the topic of the use of educational waqf funds, it shows that they are proportionally used for development expenditure, operational expenses, and academic support. And based on the topic of educational waqf fund/asset management, the sub-topics of productive waqf and good governance were the most studied in this study.

Implication - Universities continue to look for sources of education funding, in addition to budget support from the government. Waqf and its revenues have not been widely used in Indonesia as a source of university financing. So university management needs to consider the role of waqf in higher education.


Keywords


Waqf; education financing; waqf fundraising; waqf fund utilization; waqf fund/asset management

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References


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DOI: https://doi.org/10.17509/rief.v9i1.98347

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