What is it about?
The article suggests a way to establish an endowment university by concentrating the discussion on the concept and principles of its establishment, as well as sharing the experiences of the Malaysian waqf universities and the Turkish Foundation Universities/Vakif Universitesi in financing their universities using waqf, i.e. a pious endowment instrument.
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Why is it important?
This article provides the experiences of the Malaysian Waqf Universities and the Turkish Foundation Universities/Vakif Üniversitesi in financing their universities using waqf. It also contains some good examples from the experience of several earlier Islamic civilizations, in particular those of the Ottoman Empire and the Mamluk Sultanate of Egypt. In addition, examples of the implementation of waqf and endowment-based universities in the UK and US as well as the Al-Azhar University of Egypt is also included.
Perspectives
My article "Financing universities through waqf , pious endowment: is it possible?" will help readers, especially those who are engaging in university funding affairs to have a guidance on how to establish and manage a waqf or endowment university.
Associate Professor Dr SITI MASHITOH MAHAMOOD
University of Malaya
Read the Original
This page is a summary of: Financing universities through waqf, pious endowment: is it possible?, Humanomics, November 2015, Emerald,
DOI: 10.1108/h-02-2015-0010.
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