It discusses the sources of funding for HEIs, focusing on philanthropic instruments through endowment and waqf funds. Since both forms of income are obtained via contributions from third parties, such as alumni, individuals, and business corporations, it is essential that they are managed in such a way to ensure their sustainability and that their benefits can be accessed without interruption. It explains the theory of successful endowment and waqf at HEIs, namely appropriate investment planning, superior investment committees, highly skilled investment managers, alumni networks, diversity of income sources and effective fundraising. These elements have been studied empirically in this book through case studies of several selected Malaysian public universities. The book considers policy implications and offers recommendations of strategies that universities can adopt, such as the appointment of fund managers. No specific guidelines currently exist for appointing fund managers to enable universities to invest in assets such as bonds, equities, and property. Therefore, the book encourages universities to grow the endowment and waqf funds through proper investment strategies executed by professional fund managers.
The book contributes new knowledge to scholars, students and researchers, as well as informing university administrators how to collect, manage, and invest funds from endowment and waqf.
It discusses the sources of funding for HEIs, focusing on philanthropic instruments through endowment and waqf funds. Since both forms of income are obtained via contributions from third parties, such as alumni, individuals, and business corporations, it is essential that they are managed in such a way to ensure their sustainability and that their benefits can be accessed without interruption. It explains the theory of successful endowment and waqf at HEIs, namely appropriate investment planning, superior investment committees, highly skilled investment managers, alumni networks, diversity of income sources and effective fundraising. These elements have been studied empirically in this book through case studies of several selected Malaysian public universities. The book considers policy implications and offers recommendations of strategies that universities can adopt, such as the appointment of fund managers. No specific guidelines currently exist for appointing fund managers to enable universities to invest in assets such as bonds, equities, and property. Therefore, the book encourages universities to grow the endowment and waqf funds through proper investment strategies executed by professional fund managers.
The book contributes new knowledge to scholars, students and researchers, as well as informing university administrators how to collect, manage, and invest funds from endowment and waqf.
Higher Education Finance and Islamic Endowments
220
Higher Education Finance and Islamic Endowments
220
Product Details
| ISBN-13: | 9781032565316 |
|---|---|
| Publisher: | Taylor & Francis |
| Publication date: | 05/06/2025 |
| Series: | Islamic Business and Finance Series |
| Pages: | 220 |
| Product dimensions: | 6.12(w) x 9.19(h) x (d) |