Strengthening Income Diversification as a Strategy for Financial Sustainability of State Islamic Higher Education Institutions with Public Service Agency Status (Case Study)

Abstrak

This study aims to analyze income diversification strategies at State Islamic Higher Education Institutions with Public Service Agency status (PTKIN-BLU) to strengthen financial sustainability and reduce dependence on Single Tuition Fees (UKT). The study employs a qualitative approach using a single-case study method supported by descriptive financial analysis. Data were collected through in-depth interviews, document analysis, and limited observation. The findings show that PTKIN-BLU revenue remains dominated by UKT, while non-UKT revenue has not yet developed into a productive, recurring, and strategic funding source. Non-UKT revenue should be classified into productive-strategic, passive, incidental or corrective, and new diversification opportunities. The recommended strategies include professionalizing the Business Development Center, optimizing institutional assets, strengthening academic and professional services, developing halal-related services, digitalizing revenue management, and implementing risk-based supervision. Theoretically, this study extends the understanding of income diversification by emphasizing the quality, productivity, and recurrence of non-UKT revenue sources. Practically, the findings provide a basis for PTKIN-BLU leaders to develop a revenue portfolio, strengthen business-unit governance, establish potential-based revenue targets, and expand alternative revenue sources without shifting the institution's public-service function and Islamic identity.

Kata Kunci