Investment of endowment funds in the higher educations: best practices, performances and issues

Purpose – The role of endowment funds in higher education across countries in last decades has been important as one of the major funding sources to finance academic activities. Many well-known universities in the world have implemented different strategies for investment management of endowment fun...

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Main Authors:	Ayuniyyah, Qurroh, Haneef, Mohamed Aslam, Mustaffa Kamil, Nazrol Kamil
Format:	Book Chapter
Language:	English
Published:	Fakulti Pengajian Islam, UKM 2014
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/41761/ http://irep.iium.edu.my/41761/ http://irep.iium.edu.my/41761/1/LRGS_UKM_Nov_2014_Conference_Book.pdf

id	iium-41761
recordtype	eprints
spelling	iium-417612018-06-12T01:31:45Z http://irep.iium.edu.my/41761/ Investment of endowment funds in the higher educations: best practices, performances and issues Ayuniyyah, Qurroh Haneef, Mohamed Aslam Mustaffa Kamil, Nazrol Kamil H Social Sciences (General) Purpose – The role of endowment funds in higher education across countries in last decades has been important as one of the major funding sources to finance academic activities. Many well-known universities in the world have implemented different strategies for investment management of endowment funds in order to achieve their long-term objectives. The main purposes of this paper are to perform an analysis of conventional endowment funds of higher education and to articulate some benchmarks or best practices related to the financial management of endowment funds. Besides, the paper identifies some unique issues or challenges faced by endowment funds. Design/Methodology/Approach – The study evaluates the current practices of conventional endowment funds management of universities based on secondary sources of information, including published reports, journal papers, articles and books. Findings – The model of endowment fund investment differs from one university to another. The paper reviews the current practices and strategies of the largest universities’ endowment fund investment activities. Originality/value – By providing a general review in the conventional endowment funds of higher education, it is expected to have valuable input, which delivers lessons to be learned for contemporary waqf institutions and Islamic third sector. However, the main issue is comparability, where the majority of conventional endowment fund is invested in form of financial assets, while waqf is mostly in the form of real assets, but there is similarity in nature between endowment and waqf funds. Keywords Investment, Endowment Funds, Higher Education Paper type General review Fakulti Pengajian Islam, UKM 2014 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/41761/1/LRGS_UKM_Nov_2014_Conference_Book.pdf Ayuniyyah, Qurroh and Haneef, Mohamed Aslam and Mustaffa Kamil, Nazrol Kamil (2014) Investment of endowment funds in the higher educations: best practices, performances and issues. In: Pelestarian institusi wakaf: memperkasa pendidikan tinggi negara. Fakulti Pengajian Islam, UKM, UKM Bangi, pp. 29-53. ISBN 978-967-412-276-8 http://repository.um.edu.my/94583/1/chapter%20in%20book%202.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Ayuniyyah, Qurroh Haneef, Mohamed Aslam Mustaffa Kamil, Nazrol Kamil Investment of endowment funds in the higher educations: best practices, performances and issues
description	Purpose – The role of endowment funds in higher education across countries in last decades has been important as one of the major funding sources to finance academic activities. Many well-known universities in the world have implemented different strategies for investment management of endowment funds in order to achieve their long-term objectives. The main purposes of this paper are to perform an analysis of conventional endowment funds of higher education and to articulate some benchmarks or best practices related to the financial management of endowment funds. Besides, the paper identifies some unique issues or challenges faced by endowment funds. Design/Methodology/Approach – The study evaluates the current practices of conventional endowment funds management of universities based on secondary sources of information, including published reports, journal papers, articles and books. Findings – The model of endowment fund investment differs from one university to another. The paper reviews the current practices and strategies of the largest universities’ endowment fund investment activities. Originality/value – By providing a general review in the conventional endowment funds of higher education, it is expected to have valuable input, which delivers lessons to be learned for contemporary waqf institutions and Islamic third sector. However, the main issue is comparability, where the majority of conventional endowment fund is invested in form of financial assets, while waqf is mostly in the form of real assets, but there is similarity in nature between endowment and waqf funds. Keywords Investment, Endowment Funds, Higher Education Paper type General review
format	Book Chapter
author	Ayuniyyah, Qurroh Haneef, Mohamed Aslam Mustaffa Kamil, Nazrol Kamil
author_facet	Ayuniyyah, Qurroh Haneef, Mohamed Aslam Mustaffa Kamil, Nazrol Kamil
author_sort	Ayuniyyah, Qurroh
title	Investment of endowment funds in the higher educations: best practices, performances and issues
title_short	Investment of endowment funds in the higher educations: best practices, performances and issues
title_full	Investment of endowment funds in the higher educations: best practices, performances and issues
title_fullStr	Investment of endowment funds in the higher educations: best practices, performances and issues
title_full_unstemmed	Investment of endowment funds in the higher educations: best practices, performances and issues
title_sort	investment of endowment funds in the higher educations: best practices, performances and issues
publisher	Fakulti Pengajian Islam, UKM
publishDate	2014
url	http://irep.iium.edu.my/41761/ http://irep.iium.edu.my/41761/ http://irep.iium.edu.my/41761/1/LRGS_UKM_Nov_2014_Conference_Book.pdf
first_indexed	2023-09-18T20:59:43Z
last_indexed	2023-09-18T20:59:43Z
_version_	1777410541564723200

Investment of endowment funds in the higher educations: best practices, performances and issues

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