higher education – Jurnal Pengurusan

Financing Higher Education through Waqf in Pakistan: Issues and Challenges

apriyaliwahab — Mon, 10 Oct 2022 12:01:20 +0000

This paper aims to study various issues waqf faces in general in Pakistan and probes in particular impediments and challenges to waqf funding in higher education. The paper formulates its arguments and results on the basis of information gleaned from twelve interviewees, archival records, documents and library sources. It looks at the subject matter from three different perspectives; government, waqf for higher educational institutions and general society. Waqf practice for higher education in Pakistan is largely restricted to private sector and is marred by various issues and challenges, including lack of legal framework and government support. Equally, lack of transparency and fears of centralisation have stifled its integrity and prospects for growth. Since society does not fully grasp waqf assets’ eternal nature characterised by perpetuity, irrevocability and inalienability, most of the waqf assets fail to receive sustained support. These challenges can be overcome through proper planning, understanding, and awareness of waqf. Hence, it is the responsibility of the government to make laws and provide a feasible environment for waqf practice in higher education funding as a third sector.

Knowledge Acquisition and Product Development Capability Magnify Competitive Advantage: Insight into Higher Education Institutions of Pakistan

khairul23 — Fri, 07 Oct 2022 02:08:35 +0000

With the emergence of a knowledge-based economy, knowledge has become an integral factor in providing a competitive advantage for organizations including higher education institutions. The objective of this study is to empirically examine the mediating effect of product development capability (PDC) in the relationship between knowledge acquisition (KA) and competitive advantage (CA) in public higher education institutions (PHEIs) of Pakistan. Data were collected through a self-administered questionnaire. A total of one hundred questionnaires were distributed through random sampling technique to vice-chancellors of PHEIs eliciting eighty-six respondents or a response rate of eighty-six percent. Data were analysed by using PLS through a structural equation modelling approach. The findings revealed significant positive effect of KA and PDC on CA. Additionally, KA also produced a significant positive effect on PDA. Further, PDA was shown to mediate the relationship between KA and CA. The current research provides more specific direction on how practitioners can strategically gain CA through KA and PDC within context of PHEIs of Pakistan.