Cost Benefit Analysis On Government’s Education Expenditure:Proposed Waqf Model For Education Capital
Education is un-separated part of the human society as old as life itself. Human societies time bytime have had vested interests in education. The societies always agree to acknowledge theimportance of education, even a large number of them fail to provide sufficient resources thatcan be used as...
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| Main Authors: | , , |
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| Format: | Conference Paper |
| Language: | en_US |
| Published: |
Universiti Sains Islam Malaysia
2016
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| Subjects: | |
| Online Access: | http://ddms.usim.edu.my/handle/123456789/9871 |
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| Summary: | Education is un-separated part of the human society as old as life itself. Human societies time
bytime have had vested interests in education. The societies always agree to acknowledge
theimportance of education, even a large number of them fail to provide sufficient resources
thatcan be used as support to educational institutions and activities. Waqf as an institution
andIslamic finance instrument has a direct and un-direct effect to upgrade the capabilities of
theneedy and enhance their quality of life by providing access to education facilities. Hence,
theWaqf institution surely can accommodate the issue of financing for government’s
educationexpenditure in its effective and comprehensive approach. Thus, the main objective
of this paperis to propose the model of Waqf financing for reducing government’s education
expenditure byusing cost benefit analysis. The methodology of this research is a qualitative
research towardsliterature related to Waqf. The general finding of this paper shows that there
is should a strongwillingness from government to devote and make Waqf institution as one of
financing capitalfor education expenditure. |
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