Higher Educational Opportunities for Underprivileged Community Via Waqf Education Financing Models

Abstract

This article discusses the Waqf Education Model especially on the concepts, the implementation of Waqf funds, Waqf fund management and its distribution. A documentary analysis was carried out to extract any relevant information on Waqf education. Waqf education has been found to be an important instrument for educational development. The result of the document analysis shows that Waqf education can form a collaborative network in the effort to develop educational institutions between the members of the community and education management especially higher education in Malaysia. It is suitable for establishing a strong financial support for underprevilaged communities. Among the biggest contributions of Waqf education is that it can reduce the government's burden in financial expenses and assist the students who are facing financial problems in institutions of higher learning. It is evident that students gained many benefits through the distribution of Waqf education. Hence, the Waqf education model is an alternative for higher education financing that is vital and capable of being applied worldwide.