The cost saving method: A proposal of awqaf alternative plan

Anwar Allah Pitchaya and Mohd Najwadi Yusoff Abdul Rahman and Mohamad Isa Abd Jalil and Zubir Azhar and Mohamed Asmy Mohd Thas Thaker (2022) The cost saving method: A proposal of awqaf alternative plan. Labuan e-Journal of Muamalat & Society. pp. 1-12.

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Abstract

The aim of the paper is to propose an improved food and beverages (F&B) cost estimation to the higher education institution. The method integrates personal observation and interview with the vice-chancellor of a public university in Malaysia. The proposed model, Awqaf Alternative Plan (AAP) is able to address the problem of top management of the university to estimate the actual cost of organizing an event. Besides, AAP model also creates a new platform/option for the students and staffs to donate university fund back their respective university inform of waqf/endowment fund which can be used for the development of the campus. AAP model is relevant to the management of the university to estimate accurate cost which leads to sustainable internal cost management. Besides, the effective management of cost is the main objective which able to promote sustainable cost saving. AAP model is a cost-saving approach which specifically proposed to a higher institution.

Item Type:	Article
Keyword:	Accurate cost, waqf and endowment
Subjects:	H Social Sciences > HF Commerce > HF1-6182 Commerce > HF5001-6182 Business > HF5549-5549.5 Personnel management. Employment management K Law > KBP Islamic law > KBP1-4860 Islamic law. Shariah. Fiqh > KBP490-4860 Furã# al-fiqh. Substantive law. Branches of law > KBP639-1154 Mu#~mal~t
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	ABDULLAH BIN SABUDIN -
Date Deposited:	03 Jul 2025 09:57
Last Modified:	03 Jul 2025 09:57
URI:	https://eprints.ums.edu.my/id/eprint/44266

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