ENDOWMENT AND WAQF FUNDS IN MALAYSIAN HIGHER EDUCATION: A CONCEPTUAL STUDY

Higher Education Institutions (HEIs) require sustainable sources of income to fund operating costs. The role endowment funds has always been significant in providing financial these institutions. In Islam, an is known as waqf. As the differences two types are found be indistinctive, this study explores and highlights atypical concepts. method library research used acquire relevant reference materials discuss This paper identified several aspects that distinguished funds, which include element perpetuity element, rights ownership, governance (law, structure, trustee, need permission, sharing).