WAQF-BASED CROWDFUNDING MODEL FOR ISLAMIC HERITAGE CONSERVATION IN MALAYSIA (Model Pendanaan Awam Berasaskan Wakaf untuk Pemuliharaan Warisan di Malaysia)
Abstract
ABSTRACT
This paper explores the potential of waqf-based crowdfunding as a means to obtain funds for conservation efforts related to Islamic heritage sites or materials in Malaysia. Over the period, several heritage sites, buildings, and materials, including Islamic heritage, have witnessed a lack of funding for conservation efforts, while the budget from the government is limited. Therefore, an alternative fund is needed, and Islamic crowdfunding has the potential to be applied to overcome this issue. This paper is based on conceptual explorations of literature on crowdfunding, waqf, and heritage conservation. As a result, its finding proposes a particular model of waqf-based crowdfunding fund for Islamic heritage conservation in this country. While several challenges are identified, including the potential failure to reach the target, and the lack of public awareness and approval from authorities, this study expands a new potential for the application of waqf. It provides a practical solution for Islamic heritage conservation in Malaysia.
ABSTRAK
Artikel ini meneroka potensi pendanaan awam berasaskan wakaf sebagai cara mendapatkan dana bagi usaha pemuliharaan tapak atau tinggalan warisan Islam di Malaysia. Sehingga kini, beberapa tapak warisan, bangunan dan tinggalan sejarah termasuk warisan Islam berhadapan kekangan dana untuk usaha pemuliharaan dan dalam masa yang sama, peruntukan kewangan daripada kerajaan semakin terhad. Oleh itu, dana alternatif diperlukan dan pendanaan awam Islamik berpotensi untuk diaplikasi dalam mengatasi masalah ini. Artikel ini berasaskan penerokaan secara konseptual menerusi literatur berkaitan pendanaan awam, wakaf, dan pemuliharaan warisan. Hasilnya, dapatan telah mencadangkan model khas pendanaan awam berasaskan wakaf untuk pemuliharaan warisan Islam di negara ini. Walaupun beberapa cabaran telah dikenal pasti, termasuk kemungkinan gagal dalam mencapai sasaran dana, kurang kesedaran dalam kalangan orang awam dan kelulusan daripada pihak berkuasa agama, kajian ini tetap memperkenal potensi baharu untuk aplikasi wakaf. Ia menyediakan penyelesaian praktikal untuk usaha pemuliharaan warisan Islam di Malaysia.
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DOI: http://dx.doi.org/10.17576/JH-2022-1401-06
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