An Initial Study on Student's Need towards Islamic WaqfBank for Education
Education and learning is one of the most important processes in today's society. Today's youth are tomorrow's teachers. The importance of education is undeniable for every single person. It is understood that education has a positive effect on human life and all people need to st...
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| Main Authors: | , |
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| Format: | Conference Paper |
| Language: | en_US |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://ddms.usim.edu.my/handle/123456789/9414 |
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| Summary: | Education and learning is one of the most
important processes in today's society. Today's youth are
tomorrow's teachers. The importance of education is undeniable
for every single person. It is understood that education has a
positive effect on human life and all people need to study. Only
with the advent of education can people gain knowledge and
enlarge their view over the world. Education is the key that allows
people to move up in the world, seek better jobs, and ultimately
-succeed fully in life. Education is very important, and no one
should be deprived of it. On the other hand, Islamic waqfbank is a
special designed financial institution in Islam. This bank will
benefit the students and also their parents, due to its unique
structure that could finance student's education in term of fees and
cost of living. Islamic waqfbank use the concept of cash waqfin
term of funding the education. Cash waqf is a trust fund
established with money to support services for mankind's benefits
in the name of Allah. The gifted capital was "transferred" to
borrowers for certain period, which was then spent for all sorts of
pious and social purposes inclusive for the investment objectives.
It is recognized that there is no ample study in the area of cash
waqfespecially for funding the education. Therefore, the initial
study on students' needs towards Islamic waqfbank is essential in
order for the fund to be use efficiently. The objective of this paper
is to explore the needs towards Islamic waqf bank for education.
The methodology of this research is a quantitative research
towards 210 respondents among Muslim students in Malaysia
The general finding of this paper shows that, the demand of the
establishing Islamic waqf bank is extremely high among
m a l a y s i a n students. |
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