ISSN: 2222-6990
Open access
Waqf funding in this digital era is generally seen to be in line with the world’s challenges in dealing with the COVID-19 pandemic. The impact of this pandemic has also had a profound impact on the education sector, especially those involving Private Tahfiz Schools (PTS) which are registered under the Waqf Management unit of the State Islamic Religious Council (MAIN). However, the question remains whether these registered PTSs is able to provide the best educational services, especially amid a pandemic. In reality, 67.4 per cent of Private Tahfiz Schools were closed because they could not afford the operating coPTS. In the face of a challenging economy, it is important for PTS to think of alternatives for raising funds and income through businesses in the current pandemic. Therefore, the implementation of the ijarah al-‘ain contract is an important instrument in sustaining the management coPTS of a PTS. A total of six (6) informants representing PTS and MAIN managers in Kedah, Perlis, and Penang were interviewed. The results of the interviews were transcribed and analyzed using NVIVO 11 software. The findings of the study found that there are four types of ijarah al-‘ain assets implemented in the waqf management of a PTS, namely rental of houses and homestays, buildings, vehicles, and agricultural farms supported by MAIN. This study contributes to the theoritical and practical implication in generating income and business that can provide long-term benefits in the waqf management of a PTS.
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In-Text Citation: (Ismail et al., 2022)
To Cite this Article: Ismail, M. S. I., Akhir, N. S. M., Yusof, A. S. M., Fazial, F., & Abdullah, S. R. (2022). Implementation of Ijarah Al- ‘Ain in Waqf Business Management of Private Tahfiz Schools. International Journal of Academic Research in Business and Social Sciences. 12(6), 1767 – 1775.
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