Global Review of Islamic Economics and Business
Vol. 13 No. 1 (2025)

Waqf-Based Endowment Funds as a Sustainable Financing Model to Enhance University Education Quality in Indonesia

Ekawaty, Marlina (Unknown)
Rohman, Ghifary Duyufur (Unknown)
Alvira Aina (Unknown)



Article Info

Publish Date
11 Jun 2025

Abstract

Sustainable financing remains a significant challenge for higher education institutions in Indonesia as they strive to enhance educational quality and compete with leading global universities. One promising solution is the utilization of waqf-based endowment funds as a source of long-term financing. This paper aims to explore the financing and management models of waqf endowment funds to support the improvement of university education quality. The study examines the role of waqf endowment funds in creating a stable financial system and identifies the opportunities and challenges associated with implementing this model in Indonesia. To achieve these objectives, the research employs NVivo 12 qualitative data analysis software to systematically analyze relevant literature and data, allowing for the coding and categorization of themes related to waqf financing. The findings are expected to provide valuable insights for policymakers and universities regarding the governance of waqf endowment funds and how this model can be applied to advance infrastructure, research, and teaching in higher education institutions. Furthermore, this study highlights the importance of collaboration between the government, universities, and society to optimize waqf endowment funds as a sustainable economic resource that positively impacts the quality of national education in Indonesia.

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Journal Info

Abbrev

grieb

Publisher

Subject

Economics, Econometrics & Finance

Description

The scope or coverage of this International journal will include but are not limited to: Islamic Economics, Islamic Business, Islamic banking, Islamic capital markets, Islamic wealth management, Issues on shariah implementation/practices of Islamic banking, Zakat and awqaf, Takaful, Islamic ...