Harun, Farra MunnaPossumah, Bayu TaufiqShafiai, M Hakimi Bin MohdNoor, Abd. Halim Mohd.2019-09-252019-09-252016-02-292016-01http://hdl.handle.net/20.500.12424/235014This paper attempts to explore the issues and economic role of Waqf in Malaysia, especially in Higher Education Institution (HEI) and to study how Waqf fund empowers the education. As early as 1980, the Malaysian federal government’s spending on education, was the highest in East Asia and higher than the OECD average of 3.4% of GDP. This demonstrates that the Malaysian Government has big expenses from educational sector and respectively is amenability for Malaysian economic budget. In other side Waqf in Malaysia is one of large financial source that has not been fully explored. This research uses qualitative methodology through content analysis. This study found that taking the que from the institutions of Waqf, the exploration and development of waqf fund can be exalarate through the formation of formal organizations at state and federal level and rearrange the Malaysian educational budget and policy to support the better quality of HEI.engWith permission of the license/copyright holderMalaysiaHigher Education InstitutionIssuesWaqfEconomic ethicsEthics of economic systemsLabour/professional ethicsMethods of ethicsTheological ethicsJournal volume