Financing Kolej Universiti INSANIAH Using the Concept of Cash Waqf : The Way Foward

Abstract

Kolej Universiti INSANIAH, which is classified as a private higher learning institution has had to depend mainly on student fees and Kedah state's assistance as its sources of revenue to finance its operating and development expenditure. The objective of the study is to examine the possibility of financing Kolej Universiti INSANIAH using cash wagf scheme. This study uses library research to examine the way forward to establishing and implementing the waqf project scheme which is to be used in financing the expenditures of Kolej Universiti INSANIAH in the future. This study comes up with a cash wagf model to be used as a guideline for KUIN management to launch the cash waqf project scheme so that waqf could be used as an additional source of revenue to finance the expenditure of KUIN in the future.