Overview
Public debt pressures due to the global economic crisis have impacted higher education in several countries, 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, 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.
Full Product Details
Author: Nurul Adilah Hasbullah ,
Asmak Ab Rahman
Publisher: Taylor & Francis Ltd
Imprint: Routledge
Weight: 0.480kg
ISBN: 9781032565279
ISBN 10: 1032565276
Pages: 202
Publication Date: 07 November 2023
Audience:
College/higher education
,
Tertiary & Higher Education
Format: Hardback
Publisher's Status: Active
Availability: In Print
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.
Author Information
Nurul Adilah Hasbullah is Senior Lecturer at the Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Malaysia. Asmak Ab Rahman is Associate Professor at the Department of Shariah and Economics, Academy of Islamic Studies, Universiti Malaya, Malaysia.
