WAQF EMPOWERMENT-BASED GREEN CAMPUS MODEL: TOWARDS ALTERNATIVE SUSTAINABLE FINANCING FOR SUSTAINABILITY INITIATIVES IN HEI
DOI:
https://doi.org/10.21837/pm.v24i42.2054Keywords:
Empowerment, Green Campus, Literacy, Sustainability, WaqfAbstract
Environmental sustainability has become an important agenda that requires the involvement of various stakeholders, including higher education institutions. However, funding remains a significant challenge in establishing green campuses. Waqf possesses relevant characteristics to support sustainability and has the potential to serve as an alternative funding source for green campus development. This research aims to construct a model for green campus development based on waqf empowerment. A qualitative approach is utilized in this study, relying on primary data collected from in-depth interviews with several individuals who were involved in waqf management and research. The secondary data was also used and gathered from various written documents concerning sustainability, green campuses, and waqf empowerment. The findings indicate that collected waqf can be allocated for the procurement of various facilities and equipment needed for green campus projects, including waste management, water management, and the provision of essential infrastructure to support green initiatives. Moreover, cash waqf can be developed through investment schemes in green sukuk and financing schemes for green SMEs or agriculture and plantations. These waqf-based facilities and equipment are intended to support academic and operational activities on campus. This study recommends a novel concept for optimizing the collaborative management of waqf to develop green campuses in various regions, thereby maximizing the potential of waqf to support environmental sustainability initiatives.
Downloads
References
Anthony Jnr, B. (2021). Green campus paradigms for sustainability attainment in higher education institutions – A comparative study. Journal of Science and Technology Policy Management, 12(1), 117–148. https://doi.org/10.1108/JSTPM-02-2019-0008
Ascarya, A. (2023). Developing cash waqf models for Baitul Maal wat Tamwil as integrated Islamic social and commercial microfinance. Journal of Islamic Accounting and Business Research, 14(5), 699–717. https://doi.org/10.1108/JIABR-09-2020-0267
Azizan, N. A., Muhamat, A. A., Syed Alwi, S. F., Ali, H., & Abdullah, A. Q. C. (2022). Revitalising waqf (endowment) lands for agribusiness: Potentials of the anchor company models. Journal of Agribusiness in Developing and Emerging Economies, 12(3), 345–370. https://doi.org/10.1108/JADEE-05-2021-0128
Bandeira, M. S. M., & Lobão, J. A. S. R. (2023). Innovation, impacts and future direction of sustainable universities: The case of the University of Minho - Portugal (Braga-Guimarães). Journal of Sustainability Perspectives, Special Is(Special Issue), 558–563. https://doi.org/10.14710/jsp.2023.20862
Bulut, M. (2021). Building a sustainable university campus in Turkey: The case of Istanbul Sabahattin Zaim University. Journal of Sustainability Perspectives, Special Is(Special Issue), 263–269.
Dono, M., Torrijos, V., & Soto, M. (2023). Evaluation of the Green Campus Program at the University of A Coruña. Journal of Sustainability Perspectives, Special Is (Special Issue), 314–327. https://doi.org/10.14710/jsp.2023.20839
González-Ramírez, J., Cheng, H., & Arral, S. (2021). Funding campus sustainability through a green fee – Estimating students’ willingness to pay. Sustainability, 13(2528), 1–15.
Kachkar, O. A. (2017). Towards the establishment of cash waqf microfinance fund for refugees. ISRA International Journal of Islamic Finance, 9(1), 81–86. https://doi.org/10.1108/IJIF-07-2017-007
Khan, M. B., Patel, I., Ghafoorzai, S. A., Shehbaz, D. M., Hassan, R., & Ali, J. (2023). Proposing a waqf based ijarah smart sukuk model for development of waqf properties. Lecture Notes in Networks and Systems, 488, 167–181.
Majid, R. (2022). Rice land sustainability and agricultural financing through waqf. Review of Islamic Social Finance and Entrepreneurship, 1(1), 17–35. https://doi.org/10.20885/risfe.vol1.iss1.art2
Musari, K. (2022). Integrating green sukuk and cash waqf linked sukuk, the blended Islamic finance of fiscal instrument in Indonesia: A proposed model for fighting climate change. International Journal of Islamic Khazanah, 12(2), 133–144. https://doi.org/10.15575/ijik.v12i2.17750
Najad, P. G., Ahmad, A., & Zen, I. S. (2018). Approach to environmental sustainability and green campus at Universiti Teknologi Malaysia: A review. Environment and Ecology Research, 6(3), 203–209. https://doi.org/10.13189/eer.2018.060307
Paul, W., Faudji, R., & Bisri, H. (2021). Cash waqf linked sukuk alternative development of sustainable Islamic economic development Sustainable Development Goals (SDG’s). International Journal of Nusantara Islam, 9(1), 134–148. https://doi.org/10.15575/ijni.v9i1.12215
Pitchay, A. A., Abdul Rahman, M. N. Y., Mohd Thas Thaker, M. A., Azhar, Z., Mydin, A. A., & Abd Jalil, M. I. (2018). Proposing awqaf alternative plan (AAP): The way forward and sustainable higher education financial system. International Journal of Islamic Economics and Finance, 1(1), 39–58.
Pitchay, A. A., Mohd Thas Thaker, M. A., Mydin, A. A., Azhar, Z., & Abdul Latiff, A. R. (2018). Cooperative-waqf model: A proposal to develop idle waqf lands in Malaysia. ISRA International Journal of Islamic Finance, 10(2), 225–236. https://doi.org/10.1108/IJIF-07-2017-0012
Rahman, A. A. A., & Awang, A. B. (2018). Exploring the dynamism of the waqf institution in Islam: A critical analysis of cash waqf implementation in Malaysia. Intellectual Discourse, 26(Special Issues), 1109–1128.
Roslan, M. N. H., Mustapha, R., Abdul Nasir, N. N., Mohamed, A., Malkan, S. N. A., & Mohd Zahari, S. Z. (2024). Waqf for water: Examining contributions and support towards sustainable development goals – A Malaysian case study. International Journal of …, 2(1), 54–63.
Rusydiana, A. S., Sukmana, R., & Laila, N. (2023). Developing green waqf model for environmental issues. Islamic Economics Methodology, 2(2). https://doi.org/10.58968/iem.v2i2.319
Siregar, S., Ridwan, M., Siregar, H. I., & Rahmadana, M. F. (2024). Proposed model of sharia bank share ownership through waqf funds. Journal of Ecohumanism, 3(4), 2659–2669. https://doi.org/10.62754/joe.v3i4.3784
Sugesti, E. S., Hartaman, A., & Umbara, T. (2023). Water management program in Telkom University: Planning and best practice. Journal of Sustainability Perspectives, Special Is(Special Issue), 476–489. https://doi.org/10.14710/jsp.2023.20848
Sukmana, R., Ratnasari, R. T., Majid, R., & Mohd Shafiai, M. H. (2024). Designing waqf-based financing model for livestock project: Empirical evidence from Indonesia. International Journal of Islamic and Middle Eastern Finance and Management, 17(3), 599–617. https://doi.org/10.1108/IMEFM-06-2023-0211
Sukmana, R., & Rusydiana, A. S. (2023). Waqf model for climate change: A Delphi method approach. International Journal of Waqf, 3(1), 1–10. https://doi.org/10.58968/ijw.v3i1.335
Thaker, M. A. M. T., Amin, M. F. B., Thaker, H. M. T., Khaliq, A., Pitchay, A. A., Fauziyyah, N. E., Imon, R. A., & Amin, F. B. (2022). Waqf land and sukuk framework for waste disposal management – A conceptual study. Labuan E-Journal of Muamalat and Society (LJMS), 16, 1–12.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 Unported License.
Copyright & Creative Commons Licence
eISSN: 0128-0945 © Year. The Authors. Published for Malaysian Institute of Planners. This is an open-access article under the CC BY-NC-ND license.
The authors hold the copyright without restrictions and also retain publishing rights without restrictions.
