ISSN: 2222-6990
Open access
Private Tahfiz School (PTS) in Malaysia are funded by various monetary sources such as private capital, funding from non-governmental organizations, charity and waqf. Stable finances will help in terms of governance, management, facilities, and teaching staff, and having this ensures the survivability of any PTS. However, in the wake of growing management costs amid a pandemic, are such fundings enough for the institution to ensure its survivability? Thus, this conceptual paper examines PTS’s financial issues, and the viability of Khan Mohamed’s Waqf Development Model as a framework to be applied for PTS’s survivability. Data were collected through library searches, and initial findings suggest that issues hindering PTS development in Malaysia includes the lack of initial capital to build the infrastructure of the institution, and the inability of the institution to generate financial resources to maintain its survivability. This paper also proposes the expansion of waqf products through ijarah which is a financing approach whereby an agreement to lease is made and this method is seen as the best alternative to the development and renovation of waqf land.
Abdullah, A. H., Safar, A., Mustari, M. I., Muhammad, A., & Ismail, I. (2003). Keberkesanan kaedah hafazan di Pusat Tahfiz. Laporan Penyelidikan, Pusat Pengajian Islam & Pembangunan Sosial: Universiti Teknologi Malaysia.
Abdullah, M., Abdullah, A. H., & Ilias, A. S. (2015). Pendidikan Tahfiz di Malaysia: Suatu Sorotan Sejarah. In International Conference on Islamic Education and Social Entrepreneurship, Tanjung Malai, Langkawi.
Abdullah, S. R. (2018). Kaedah Pembiayaan Pembangunan Tanah Wakaf oleh Majlis Agama Islam Negeri Terpilih di Malaysia (Doctoral dissertation, Universiti Sains Malaysia).
Ali, S. N. M., Noor, A., Mohd, H., Ismail, N. R. P., Dahlan, F. M., & Shari, M. S. A. (2016). Integrating Awqaf and Zakat: A Case Study of Land Development for the Poor in State Islamic Religious Councils Terengganu, Malaysia. In Contemporary issues and development in the global halal industry (pp. 209-217). Springer, Singapore.
Al-Zuhayli, W. (2002). Al-Mu'amalat Al-Maliyah Al-Mu'asarah (Contemporary Financial Transactions). Damsyik, Syiria. DarulFikr.
Anita, F. (2015). Model Pembangunan Wakaf Produktif di Pondok Pesanten Walisongo Ngabar Ponorogo.
Asy’Ari, H. (2016). Pengelolaan Dan Pengembangan Wakaf Produktif Di Yayasan Pondok Pesantren Miftahul Ulum Al-Yasini (Doctoral dissertation, Universitas Islam Negri Maulana Malik Ibrahim).
Bahari, Z., & Rahman, F. A. (2012). Modes and Risk of Financing for Waqf Development: The case of Seetee Aisyah waqf in Penang, Malaysia. Siri Kertas ISDEV, No. 37. Pulau Pinang: Pusat Kajian Pengurusan Pembangunan Islam (ISDEV), USM.
Denisova, T. A. (2011). Refleksi Historiografi Alam Melayu (Penerbit UM). Penerbit Universiti Malaya.
Fazial, F. (2015). Penjanaan Pembiayaan Pembangunan Lestari Pondok An-Nahdhoh (PAN), Kubang Semang, Pulau Pinang Melalui Instrumen Wakaf. (Dissertation, Universiti Sains Malaysia).
Fazial, F. (2019). Kelestarian Mekanisme Pembiayaan Pembangunan Wakaf Institusi Pondok di Negeri Kedah (Doctoral dissertation, Universiti Sains Malaysia).
Abd Ghani, A. R., Soroni, M. K., Haridi, N. M., Daud, Z., Hashim, A., Yusoff, W. S. W. (2010). Pengurusan institusi tahfiz persendirian di negeri Selangor. Kolej Universiti Islam Antarabangsa, Kajang, Selangor.
Hashim, H. (2012). Pengurusan pembangunan harta wakaf: Pengalaman Majlis Agama Islam Negeri Pulau Pinang (MAINPP) terhadap wakaf Setee Aishah. International Journal of Management Studies, 19(2), 103-123.
Hassan, S. H. M., Bahari, Z., Aziz, A. H. A., & Alina, C. M. (2020). Sustainable Development of Endowment (Waqf) Properties. International Journal of Innovation, Creativity and Change, 13(4), 1135-1150.
Ismail, S. (2016). Institusi Tahfiz di Malaysia: Prospek dan Cabaran. Memperkasa generasi penghafaz Al-Quran, 194.
Khalil, I. A., Ali, Y., & Shaiban, M. (2014). Waqf fund management in Kuwait and Egypt: Can Malaysia learns from their experiences. In International Conference on Masjid, Zakat and Waqf (IMAF 2014) (pp. 69–83).
Lah, S. C., & Esa, N. (Eds.). (2015). Ilmu, Tradisi Dan Kelestarian Dalam Kearifan Tempatan (Penerbit USM). Penerbit USM.
Mamat, W. A. W. (2006). Sejarah dan Pertumbuhan Skrip Jawi, dlm. Muhammad Bukhari Lubis (peny.)(et. al) Tulisan Jawi: Sehimpunan Kajian. Universiti Teknologi MARA, Shah Alam: Pusat Penerbitan Universiti (UPENA), 5.
Hassan, M. S. H. (2018). Kelestarian Pembangunan Harta Wakaf: Analisis terhadap Perumahan Wakaf di Pulau Pinang. Unpublished Dissertation.
Nawi, N. H. M., Yusuff, N. A., Yaacob, M. B. C., & Salleh, N. H. (2014). Matlamat dan halatuju sistem pengajian tahfiz di Kelantan: satu pengamatan awal.
Nordin, K. M., Katan, M., Bani, H., Noor, A. H. M., & Jaaffar, M. Y. (2017). Differences in ownership structure and management practices among tahfiz institutions in Malaysia. In 5th Southeast Asia International Islamic Philanthropy Conferenceutheast Asia International Islamic Philanthropy Conference (pp. 67-74).
Othman, H. R., Mahamood, S. M., Wan Mohar, W. M. D. H. (2018). Panduan Pengurusan Wakaf Institusi Pendidikan. Jabatan Wakaf Zakat dan Haji (JAWHAR), Putrajaya.
Othman, R. (2013). Penggunaan Wang Dalam Wakaf Tunai: Satu Analisis dari Perspektif Wang Fiat. Artikel dibentangkan di. In Workshop Antarabangsa Pembangunan Islam.
Pejabat Belanjawan Negara. (2020). Retrieved from
https://www1.treasury.gov.my/index.php/profilkementerian/bahagian-unit/nbo.html.
Uusmani, M. T., & Usmani, T. M. (2002). An introduction to Islamic finance (Vol. 20). Brill.
Yahaya, M., Rasheed, Z. N., Selamat. A. F. (2018). Isu dalam pendidikan tahfiz: Satu analisis. Persidangan Antarabangsa Sains Sosial dan Kemanusiaan, Kolej Universiti Islam Antarabangsa Selangor, Bandar Seri Putra, Selangor.
Zakaria, F. I., Noh, M. A. C., & Abd Razak, K. (2018). Amalan Pembelajaran Pelajar Tahfiz di Institusi Tahfiz Swasta. Jurnal Pendidikan Malaysia SI, (1), 141-148.
In-Text Citation: (Yusof et al., 2022)
To Cite this Article: Yusof, A. S. M., Akhir, N. S. M., Ismail, S. I., Abdullah, S. R., & Ghazali, A. M. (2022). Survivalability of Private Tahfiz Schools in Malaysia: Examining The Waqf and Ijarah Concept in Khan Mohamed Waqf Development Model. International Journal of Academic Research in Business and Social Sciences. 12(6), 1665 – 1672.
Copyright: © 2022 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non0-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode