2019
DOI: 10.7187/gjat072019-3
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Islamic Finance Instruments as Alternative Financing to Sustainable Higher Education in Nigeria

Abstract: Education is a vital tool for national growth and development. Higher education institutions provide the nation with skilled manpower needed to attain holistic development. Despite the roles played by higher education institutions in nation building, these institutions are at the edge of collapse as a result of poor funding. Government fund is not adequate to meet needs of students and higher education institutions. Several options like internal sources, government supports, use of tuition fees and a host of o… Show more

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Cited by 5 publications
(7 citation statements)
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“…The zakat integration model has also been developed to finance social projects [ 24 ], business [ 31 ], and fulfil obligations from investing in financial markets [ 79 ]. The proposed model topic includes the sub-topics of socio-economic development [ 33 , 80 , 81 , 108 , 22 , 15 ], financial inclusion [ 84 , 104 , 20 , 110 ], education [ 5 , 74 , 7 ], public housing [ 67 , 58 , 71 ], public goods [ 10 , 11 ], personal financing [ 70 ], institution performance [ 94 , 90 ], and sustainability financing [ 113 ]. In line with technological advancements, a sub-topic on the integration model with financial technology support has emerged in the last three years [ 78 , 80 , 94 , 81 , 110 , 90 , 15 ].…”
Section: Finding and Discussionmentioning
confidence: 99%
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“…The zakat integration model has also been developed to finance social projects [ 24 ], business [ 31 ], and fulfil obligations from investing in financial markets [ 79 ]. The proposed model topic includes the sub-topics of socio-economic development [ 33 , 80 , 81 , 108 , 22 , 15 ], financial inclusion [ 84 , 104 , 20 , 110 ], education [ 5 , 74 , 7 ], public housing [ 67 , 58 , 71 ], public goods [ 10 , 11 ], personal financing [ 70 ], institution performance [ 94 , 90 ], and sustainability financing [ 113 ]. In line with technological advancements, a sub-topic on the integration model with financial technology support has emerged in the last three years [ 78 , 80 , 94 , 81 , 110 , 90 , 15 ].…”
Section: Finding and Discussionmentioning
confidence: 99%
“…Islamic social finance can also be integrated with non-financial institutions, such as educational institutions, to run the commercial and business function and maintain the sustainability of the education system. Given the importance of education to a country's growth, in Nigeria, integration between Islamic social funds and educational institutions has been critical to ensuring the continuity of education and easing the burden on the government in providing funding [ 5 ]. Similarly, Muslim students in Malaysia have viewed Islamic waqf banks as the best option for financing their education because they are not obliged to repay their loans if they make a significant commitment in the future [ 7 ].…”
Section: Finding and Discussionmentioning
confidence: 99%
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“…Ning, Jin [46] Global citizenship Pakistan Asif, Tahseen; Ouyang Guangming; Haider, Muhammad Asif; Colomer, Jordi; Kayani, Sumaira; ul Amin, Noor [47] Moral education China, Pakistan Edi, K.; Supriyati; Ramadhan, S. B. [48] Model enterprise education Indonesia Arshad, Roshayani; Noor, Abdul Halim Mohd; Yahya, Azlan [49] Islamic social finance Malaysia Julia, Taslima; Kassim, Salina [50] Green banking Bangladesh Adewale, Adebayo Saheed; Zubaedy, AbdurRaheem Abdul Ganiyi [51] Islamic finance instruments Nigeria Muneeza, Aishath [52] Value-based Islamic finance Maldives Sirghani, Mohsen; Mehr, Nasser Delghosha; Dizji, Ozra Hassanzade [53] Legal review Iran Ercanbrack, Jonathan George [54] Legal reform UAE Syamlan, Yaser Taufik; Mukhlisin, Murniati [55] Zero waste accounting Indonesia Begum, Halima; Alam, A. S. A. Ferdous; Mia, Md Aslam; Bhuiyan, Faruk; Ghani, Ahmad Bashawir Abdul [56] Microfinance for poverty reduction Bangladesh Shunnaq, Mohammed; Schwab, William A.; Reid, Margaret F. [57] Sustainable tourism Jordan Aman, Jaffar; Abbas, Jaffar; Mahmood, Shahid; Nurunnabi, Mohammad; Bano, Shaher [58] Sustainable tourism Pakistan Mahmoud, Basma Mohamed Aboelyazeed [59] Islamic art Egypt Rarasati, A. D.; Bahwal, F. F. [60] Infrastructure development Indonesia [61] Community development Egypt Shibub, Mariam M. T. [62] Sustainable architecture Libya Kherbouche, Somia; Djedid, Abdelkader [63] Sustainable cultural tourism Algeria Palupi, Majang; Romadhon, Rizqi W.; Arifan, Nur [64] Sustainable tourism Indonesia El Amrousi, Mohamed; Elhakeem, Mohamed [65] Green infrastructure UAE Purnomo, Dwi; Pujianto, Totok; Efendi, Nurfida [66] Social entrepreneurship Indonesia Cina, Giuseppe; Khatami, Fahimeh [67] Urban agriculture Iran Rudolff, Britta; alZekri, Muhammad [68] Traditional knowledge Bahrain Ariesanti, Alia; Irianto, Gugus; Sukoharsono, Eko Ganis; Saraswati, Erwin [69] Sustainability reporting Indonesia Nobanee, Haitham; Ellili, Nejla [70] Sustainability reporting UAE Zauro, Nurudeen Abubakar; Saad, Ram Al Jaffri; Ahmi, Aidi; Hussin, Mohd Yahya Mohd [71] Waqf Nigeria Muller, Dominik M. [72] Za...…”
Section: Descriptive Analysis: Themes and Conceptsmentioning
confidence: 99%