<span lang="IN">Waqf, as an Islamic financial mechanism, has great potential to encourage economic independence, especially in Higher Education Institutions in Indonesia. The purpose of this study is to analyze the impact and contribution of waqf institutions in strengthening economic independence in higher education. This research uses a qualitative method with a phenomenological approach to identify the impact and contribution of waqf institutions. In addition, observations were also made in various higher education institutions in Indonesia to find out firsthand the process of waqf administration and governance. Optimizing waqf assets can increase both financial and non-financial resources. Ultimately, this will contribute to the sustainability of educational programs and the empowerment of the surrounding community. The findings of this study show that good management and collection strategies can be carried out by establishing cooperation with Islamic financial institutions, utilizing campus events and requiring waqf payments to lecturers and students. Waqf institutions can also play an important role in achieving sustainable economic independence by channeling the benefits of waqf funds and assets through scholarship programs, disaster relief, and community empowerment programs.</span>