Integration of corporate waqf in the governance of quranic education: A narrative literature review of Malaysian al-Baghdadi learning center.

Abstract

Corporate waqf refers to a concept of assets’ transfer including cash, shares, profits
and dividends by the endower either as an individual, company, corporation or organization.
Also, it is regarded as an innovation in the current Islamic financial and economic system in
the context of Malaysian contemporary waqf. The narrative analysis of this literature aims to
identify research gaps, then explored in order to improve the sustainability of private Quranic
education governance by focusing on the Al-Baghdadi Learning Center in Malaysia. The
findings show that there are three models of cash corporate waqf applied in Malaysia, namely;
the corporate waqf business model, the corporate waqf banking model and the corporate waqf
university model. Previous studies of al-Baghdadi technique however, entire attention is on the
concept, advantages and effectiveness of Quranic teaching and learning in Malaysia and
Brunei citizens. Therefore, the integration of corporate waqf that focuses on share waqf in this
study, is the key to the issue of private Quranic education governance stability in the country,
besides the reliance on the business model.