Waqf Based Crowdfunding for University Students: A Maqasidic Perspective
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Keywords

maqāṣid Sharī'ah
waqf
crowdfunding

How to Cite

Khairuddin, N. K., & Ishak, M. S. I. (2021). Waqf Based Crowdfunding for University Students: A Maqasidic Perspective. AL-MAQĀṢID The International Journal of Maqāṣid Studies and Advanced Islamic Research, 2(2), 1–11. https://doi.org/10.55265/almaqasid.v2i2.14

Abstract

This paper analyses the perspective of Maqāid Sharī’ah on the proposed model of waqf-based crowdfunding as an alternative fund for university students in Malaysia. Over the period, students at higher education institutions have witnessed challenges and difficulties to survive their learning journey particularly in terms of financial capability. In this regard, waqf based crowdfunding has the potential as an alternative fund to overcome this issue. Based on library research, this model should be in line with Maqāid Sharī’ah in terms of protecting ‘aqal through supporting university students in their learning journey as well as protecting māl through reducing the burden of students, encouraging wealth circulation, and promoting transparency. While this study may be limited in terms of data since it utilises secondary data, it proposes a special practical model of waqf-based crowdfunding that can be an alternative fund in supporting university students in this country.

https://doi.org/10.55265/almaqasid.v2i2.14
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