ISSN: 2222-6990
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Nowadays, the endowment or waqf concept has been utilized to meet various intentions, including poverty alleviation, financing, housing and education, which is to bring benefit to society. Rising costs of education have provided the need to find alternatives sources of funding for higher education institution (HEI) i.e. endowments or waqf. Furthermore, the development of endowment fund or waqf in education has become one of the main agendas for Malaysia Higher Education Ministry. Realizing the possible forthcoming scenarios in the current education industry, scholars and researchers have made proposals to apply the concept of endowment or waqf for education development to ensure a more affordable and sustainable education industry in the country. Therefore, this paper aims to understand the perception of private higher education institution (PHEI) alumni on factors that will influence their intention to contribute endowments or waqf for the HEIs. This research adopted a quantitative method using questionnaire distribution and analyses using Smart PLS. For the potential of higher education endowment or waqf in Malaysia to be realized, the endowment or waqf board of PHEI further promote the utilization of endowment or waqf as it brings benefit to the society and economic development in Malaysia.
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In-Text Citation: (Supian et al., 2021)
To Cite this Article: Supian, K., Samad, N. A., Rasli, S., Mohamed, J., Nordin, H. N. M., & Azim, Z. A. Z. (2021). Private Higher Education Institution Alumni Perception on Endowment Behavioral Intention: A Conceptual Framework. International Journal of Academic Research in Business and Social Sciences, 11(1), 814-824.
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