FUND DEVELOPMENT STRATEGIES FOR FUTURE ISLAMIC EDUCATIONAL INSTITUTIONS

Abstract

This study aims to identify and analyze fund development strategies for Islamic 
educational institutions to ensure their sustainability and growth in the future. In the 
context of globalization and changing economic dynamics, Islamic education 
institutions face significant challenges in improving education quality while 
maintaining stable financial operations. This research uses a qualitative approach 
with a case study method in several Islamic education institutions in Indonesia. Data 
were obtained through in-depth interviews with institution managers, direct 
observation, and analysis of financial documents. The results showed that there are 
several effective strategies that Islamic education institutions can implement. First, 
diversification of funding sources includes increasing alumni donations, cooperation 
with companies through CSR programs, and optimizing the use of waqf assets. 
Second, the development of innovative programs such as online courses and 
seminars that can attract participants from various backgrounds and generate 
additional income. Third, the implementation of information technology in financial 
management, which can improve the efficiency and transparency of fund 
management. The importance of human resource capacity building in fundraising and 
financial management was also one of the key findings. By developing this expertise, 
Islamic education institutions can be more effective in managing and developing 
existing funds. This study concludes that by adopting these strategies, Islamic 
education institutions are not only able to survive amidst economic challenges, but 
can also develop and contribute more to the nation's intellectual life.