Higher Education Finance and Islamic Endowments

Higher Education Finance and Islamic Endowments PDF Author: Nurul Adilah Hasbullah
Publisher: Taylor & Francis
ISBN: 1000993809
Category : Business & Economics
Languages : en
Pages : 233

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Book Description
Public debt pressures due to the global economic crisis in several countries have impacted higher education, compelling governments to curtail the funding of higher education institutions (HEIs). Various instruments have been proposed as a platform for the private sector to channel funding to HEIs. This book introduces readers to the issues surrounding the financing of HEIs, especially public universities, which are dependent on government budgets. 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, business corporations etc., 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

Higher Education Finance and Islamic Endowments PDF Author: Nurul Adilah Hasbullah
Publisher: Taylor & Francis
ISBN: 1000993809
Category : Business & Economics
Languages : en
Pages : 233

Get Book Here

Book Description
Public debt pressures due to the global economic crisis in several countries have impacted higher education, compelling governments to curtail the funding of higher education institutions (HEIs). Various instruments have been proposed as a platform for the private sector to channel funding to HEIs. This book introduces readers to the issues surrounding the financing of HEIs, especially public universities, which are dependent on government budgets. 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, business corporations etc., 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.

Endowment Managent

Endowment Managent PDF Author: Nikk Wellman Kraus
Publisher:
ISBN: 9780926508392
Category :
Languages : en
Pages :

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Book Description
Second Edition

Islamic Finance in Western Higher Education

Islamic Finance in Western Higher Education PDF Author: A. Belouafi
Publisher: Springer
ISBN: 1137263695
Category : Business & Economics
Languages : en
Pages : 189

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Book Description
This is the first of its kind in its topical coverage of the developments and prospects of Islamic finance education at Western higher education. Intended to establish itself as a unique reference for academics and researchers this book gives an insight into ethics and values in curricula development at business schools and in finance departments.

Endowments (Awqaf) in Islam

Endowments (Awqaf) in Islam PDF Author: Hussein Elasrag
Publisher: Hussein Elasrag
ISBN: 1779522231
Category : Business & Economics
Languages : en
Pages : 63

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Book Description
The word (waqf) and its plural from awqaf are derived from Arabic root Verb which means "to stop", or " to hold" " to keep" or to prevent property from passing into the hands of a third person. In a religious connotation, the term waqf means to protect and preserve the property in such a way that remains intact but its usufruct is dedicated for charitable purposes in perpetuity. Endowments or awqaf (the plural of waqf) resemble common law trusts, with the trustee being the institution or individual in charge of the waqf and the beneficiary usually being the whole community. Awqaf can be used not only to provide immediate necessities to the poor, but also to create or strengthen business support institutions that can lower the cost of doing business for the poor. Awqaf can also be used to support and build infrastructure institutions that can improve corporate governance and reduce the cost of doing business. For example, information bureaus, market regulatory bodies, the provision of accountancy services, and other such shared services for a group or for the entire society can be funded through waqf. Thus, this paper focuses on the application of these concepts and some possible roles that waqf may play in the socio-economic development of the Muslim societies.

Endowment Management for Higher Education, Second Edition

Endowment Management for Higher Education, Second Edition PDF Author: Nicole Kraus
Publisher:
ISBN: 9781951635213
Category :
Languages : en
Pages :

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Book Description


College and University Finance

College and University Finance PDF Author: Trevor Arnett
Publisher:
ISBN:
Category : Universities and colleges
Languages : en
Pages : 270

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Book Description


University Endowments: A Primer

University Endowments: A Primer PDF Author: Richard Franz
Publisher: CFA Institute Research Foundation
ISBN: 1944960805
Category : Business & Economics
Languages : en
Pages : 20

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Book Description
Endowments are a substantial category of institutional investors. Some of these have been on the forefront of moving into new asset classes and new strategies, outperforming many other investors. What are the factors of success and lessons learned?

The Finance of Higher Education

The Finance of Higher Education PDF Author: John Dale Russell
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 452

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Book Description


Higher Education Finance Manual

Higher Education Finance Manual PDF Author: Douglas J. Collier
Publisher:
ISBN:
Category : Education, Higher
Languages : en
Pages : 308

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Book Description


Higher Education and American Business

Higher Education and American Business PDF Author: Commission on Financing Higher Education
Publisher:
ISBN:
Category : Endowments
Languages : en
Pages : 37

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Book Description