Higher Education Finance And Islamic Endowments
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Higher Education Finance And Islamic Endowments
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Author : Nurul Adilah Hasbullah
language : en
Publisher: Taylor & Francis
Release Date : 2023-11-09
Higher Education Finance And Islamic Endowments written by Nurul Adilah Hasbullah and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-09 with Business & Economics categories.
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.
Islamic Finance In Western Higher Education
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Author : A. Belouafi
language : en
Publisher: Springer
Release Date : 2012-10-17
Islamic Finance In Western Higher Education written by A. Belouafi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-17 with Business & Economics categories.
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
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Author : Hussein Elasrag
language : en
Publisher: Hussein Elasrag
Release Date : 2022-03-06
Endowments Awqaf In Islam written by Hussein Elasrag and has been published by Hussein Elasrag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-06 with Business & Economics categories.
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.
Challenges And Impacts Of Religious Endowments On Global Economics And Finance
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Author : Saiti, Buerhan
language : en
Publisher: IGI Global
Release Date : 2019-12-27
Challenges And Impacts Of Religious Endowments On Global Economics And Finance written by Saiti, Buerhan and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-27 with Business & Economics categories.
Poverty is one of the top problems the Muslim community faces today. A scholastic approach towards a solution based on the values and cultural contexts of the Muslim community holds great importance and significance to the Islamic civilizations and modern economic and cultural applications in the world. Challenges and Impacts of Religious Endowments on Global Economics and Finance is a pivotal reference source that examines the role of waqf and similar endowments in Islamic financial systems and how these religious endowments impact global economics and finance. While highlighting topics such as Islamic finance, risk management, and economic development, this publication explores adopting Islamic approaches to contemporary socio-economic issues and the methods of content analysis and meta-analysis methods. This book is ideally designed for professionals, economist regulators, financial analysts, academics, researchers, and postgraduate students seeking current research on modernized Islamic economic models in order to tackle the problem of fiscal deficiency.
Higher Education Finance Research
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Author : Mary P. McKeown-Moak
language : en
Publisher: IAP
Release Date : 2014-02-01
Higher Education Finance Research written by Mary P. McKeown-Moak and has been published by IAP this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-01 with Education categories.
There is a void in the literature on how to conduct research in the finance and economics of higher education. Students, professors, and practitioners have no concise document that examines the field, provides history, definitions of terms, sources of data, and research methods. Higher Education Finance Research: Policy, Politics, and Practice fills that void. The book is structured in four parts. The first section provides a brief history and description of the general organization of American higher education, the sources and uses of funds over the last 100 years, and who is served in what types of institutions. Definitions of terms that are unique to higher education are provided, and some basic rules for conducting research on the economics and finance of higher education are established. Although in some ways, conducting research in higher education funding is similar to that for elementary/secondary education, there are some important distinctions that also are provided. The second section introduces guiding philosophies, sources of data, data elements/vocabulary, metrics, and analytics related to institutional revenues and expenditures. Chapters in this section focus on student oriented revenues, institutionally-oriented revenues, and funding formulas. The third section introduces accountability-related concepts by first examining the accountability movement in higher education and performance-based approaches applied in budgeting and funding, then looking at methods to determine public and private returns on investment in postsecondary education, and closing with an examination of finance from the perspective of the primary consumer: students. The fourth and last section of the book focuses on presenting postsecondary finance research to policy audiences to assist in connecting academic research and policy making. Chapters focus on accounting for time considerations in analysis, the placing of data in context to make the data and findings relevant, and ways to effectively communicate findings to various policy-making audiences.
Islamic Economies
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Author : Nafis Alam
language : en
Publisher: Springer
Release Date : 2017-08-25
Islamic Economies written by Nafis Alam and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-25 with Business & Economics categories.
This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal aspects of Islamic economics. It explores issues in debt and growth, as well as the instruments of monetary management in Islamic economics. It analyses the trade-off between growth and stability and concludes with discussion of Zakat and Waqf in driving growth.
Sources Of Finance For Higher Education In America
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Author : James Cunningham
language : en
Publisher:
Release Date : 1980
Sources Of Finance For Higher Education In America written by James Cunningham and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Education categories.
Financing Higher Education Worldwide
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Author : D. Bruce Johnstone
language : en
Publisher: JHU Press
Release Date : 2010-06-07
Financing Higher Education Worldwide written by D. Bruce Johnstone and has been published by JHU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-07 with Business & Economics categories.
Examines the universal phenomenon of cost-sharing in higher education -- where financial responsibility shifts from governments and taxpayers to students and families. Growing costs for education far outpace public revenue streams that once supported it. Even with financial aid and scholarships defraying some of these costs, students are responsible for a greater share of the cost of higher education. Shows how economically diverse countries all face similar cost-sharing challenges. While cost-sharing is both politically and ideologically debated, it is imperative to implement it for the financial health of colleges and universities From publisher description.
Waqf Development And Innovation
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Author : Syed Nazim Ali
language : en
Publisher: Routledge
Release Date : 2021-11-29
Waqf Development And Innovation written by Syed Nazim Ali and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-29 with Business & Economics categories.
Waqf is one of the most potent socio-economic tools for reducing public sector deficit and breaking the chain of intergenerational poverty. Providing a high-level discussion on waqf development and innovation within the context of modern socio-economic and legal developments, this book examines the importance and potentials of waqf and the issues relating to its legal and regulatory framework. The research delivers future directions for countries that plan to explore this socio-economic institution. Readers and policymakers will be able to replicate successful experiments and learn from some failed initiatives to seek alternative funding platforms to support the fiscal policies of developing countries. The volume discusses the relevance and novel application of waqf in the modern economic system and social development, it reviews applicable laws and regulations pertaining to waqf and trust laws and examines critical, cross-country case studies and experiences. Setting an agenda for further researchers in the field of waqf, this comprehensive high-level analysis, with case studies from leading jurisdictions across the world, is a key resource for researchers, policymakers and institutions interested in charitable endowments, Islamic finance, and social finance.
Reinventing The University
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Author : Sandra L. Johnson
language : en
Publisher: John Wiley & Sons
Release Date : 1995-05-29
Reinventing The University written by Sandra L. Johnson and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05-29 with Business & Economics categories.
Change has dramatically confronted higher education in the last decade, challenging it to its very roots. Colleges and universities have been rocked by a volatile economy, changing demographic trends, weakening public opinion, lagging state and federal support, and other forces. Leaders from the most highly respected institutions in the country have examined the important issues facing higher education today and this book offers their insights on restructuring administrative operations, new revenue opportunities, debt management, capital renewal, endowment management, and more.