Ririn Tri Ratnasari, - and Nisful Laila, - and Shafinar Ismail, - and Mohd Halim Mahphoth, - (2022) A Possibility of Using the Waqf Funding for the Sustainability of Tourism Sector: A Qualitative Approach. International Journal of Academic Research in Business and Social Sciences, 12 (11). pp. 2422-2431. ISSN 2222-6990

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Abstract

Tourism is currently one of the most promising industries in the world. Due to critical/limited budget availability, one of the alternative solutions to reduce the spending from the government is to utilize the waqf funding in the tourism sector. As an innovative way to fund the tourism sector without relying on government funding, waqf aims to fulfill the socially desirable needs of the community or its members. This research attempts to address how the waqf can help the government to reduce the expenditure in the tourism sector from the perspective of waqf experts. The study adopts a qualitative methodology that involves primary data collection. Interviews were conducted in order to construct a model that will be suggested to be implemented in the tourism sector. The findings indicated that the waqf funding can serve as a medium that may assist the tourism sector such as maintaining facilities and for promotional purposes. This contribution can help to provide inputs to develop a model that can incorporate waqf and tourism for a sustainable tourism sector.

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