Accommodating Philanthropic Behaviour Among Higher Education Institutions Alumni In Malaysia Towards Waqf Education Fund Sustainability

The growing number of students in higher education institutions (HEIs) has raised concerns about the adequacy of zakat funds, which are allocated to various beneficiaries among the related students. This study explores the potential of waqf as an alternative philanthropic tool to ease financial pressures and improve the sustainability of HEIs. By integrating waqf with contemporary philanthropic strategies, HEIs can foster academic excellence while aligning with Islamic principles of charity and community support. The waqf education fund is a form of philanthropic financing which provides an alternative to traditional education loans, that can lead to long-term financial challenges for students and broader economic issues due to high rates of unpaid loans. Alumni are often seen as key contributors to fundraising efforts in HEIs. Promoting a culture of giving within the alumni network is essential. Engaging alumni in waqf contributions can be a way of fulfilling religious obligations while supporting education. This paper explores some challenges in implementing waqf for HEIs include the lack of knowledge of waqf, social awareness, waqf management issues, mutawali, property donated, enactment of the law and financial problems. The recommendations in facing the challenges of the waqf fund in HEIs also has been discussed in this research. Higher education institutions in Malaysia could develop targeted campaigns that emphasize the impact of Waqf on education and the community. Collaborating with religious authorities, government, financial institutions, and alumni associations can help promote Waqf contributions. Many alumni may not be aware of the concept of Waqf or how their contributions can be used to support educational initiatives. This research hopes to provide understanding and awareness to alumni about waqf education fund management and sustainability in Malaysian higher education.