The Ziswaf fund as a potential capital source for educational development in Malaysia / Azizah Daut ...[et al.]

Daut, Azizah and Che Yaacob, Ahmad and Mohd Don, Mohd Ali and Ismail, Normah and Mohamed, Safiah (2013) The Ziswaf fund as a potential capital source for educational development in Malaysia / Azizah Daut ...[et al.]. In: Accounting and Business Challenges : Gearing towards islamic resurgence, 23-24 April 2013, A’famosa Resort Hotel, Melaka.

Abstract

Purpose - This is a concept paper that explores the prospect of establishing a model for the zakah, waqf, and infaq (ZISWAF)
fund as a potential capital source for educational development in Malaysia.

Methodology - The exploration is done through a content analysis of the selected models of waqf funds and observations that were carried out during research visits to several establishments like Majlis Ugama Islam Singapura (MUIS) Dompet Dhuafa Indonesia, and Majlis Agama Islam Johor (MAIJ)

Finding - This study found that a number of institutions in Malaysia, Singapore and Indonesia have already adopted the mechanisms of Zakah, waqf, and infaq that can be emulated and can eventually serve as a contemporary model for distributing philanthropic funds.

Implication – A social fundraising mechanism for the significant purpose of education can be modeled after prominent educational institution such as the Harvard University
Endowment that has accumulate assets of more than USD 32 billion.

Metadata

Item Type: Conference or Workshop Item (Paper)
Creators:
Creators
Email / ID Num.
Daut, Azizah
UNSPECIFIED
Che Yaacob, Ahmad
UNSPECIFIED
Mohd Don, Mohd Ali
UNSPECIFIED
Ismail, Normah
UNSPECIFIED
Mohamed, Safiah
UNSPECIFIED
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Waqf. Awqāf. Charities. Endowments
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Alms (Zakat)
L Education > LC Special aspects of education > Education and globalization. Education and society
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus
Event Title: Accounting and Business Challenges : Gearing towards islamic resurgence
Event Dates: 23-24 April 2013
Page Range: pp. 1-22
Keywords: Ziswaf Fund; Source of Corporate Waqf; Infaq, UiTM Cawangan Johor
Date: 2013
URI: https://ir.uitm.edu.my/id/eprint/39072
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