Higher Education Finance and Islamic Endowments (Islamic Business and Finance Series)

Synopsis

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.

Copyright:

2024

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9781000993806

Related ISBNs:

9781003435976, 9781032565316, 9781032565279

Publisher:

Taylor and Francis

Date of Addition:

11/09/23

Copyrighted By:

Nurul Adilah Hasbullah and Asmak Ab Rahman. The right of Nurul Adilah Hasbullah and Asmak Ab Rahman to be identified as authors of this work has been asserted in accordance with sections

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Religion and Spirituality, Business and Finance

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.