Donate To A Noble Cause
An endowment is a gift that has a lasting impact on an individual and society, what more if the endowment are made to educational institutions as it can improves lives through the stable streams of funds that further promotes the development of knowledge and academic excellence.
The INCEIF Endowment Fund (IEF) aspires to provide a stable funding source to the institution. Managed by a Board of Trustees made up of experienced professionals, IEF is directed toward supporting the university’s quest to produce future leaders and innovators in Islamic finance. With a faculty that comprises thinkers, academicians and pioneers in Islamic finance, its scholars and graduates are at the forefront of the industry.
The IEF is built on longevity. Therefore, the principal donations are invested for the earnings to be put to good use and maintained in perpetuity. As a result, donors can be assured of good Shariah governance and sound management. Only the returns from the endowment will be used to fund the following activities:
The development of human capital in Islamic finance by assisting deserving students in pursuing INCEIF programmes irrespective of nationality, race and gender;
The enrichment of the Islamic finance knowledge through applied industry-focussed research and development to maintain a consistent stream of new knowledge and products that fulfil industry needs.
The IEF is established in accordance with donors’ intentions. Therefore, you can designate your endowment either for Unrestricted Endowment (general purpose) or Restricted Endowment (specific purpose). Returns from Unrestricted Endowment will be immediately utilised and distributed at the discretion of INCEIF as deemed fit towards the achievement of the objective and aspiration of the IEF, while returns from the Restricted Endowment will be used as specified by the respective donors for the following activities: Scholarship; Research, Academic Chair; and Infrastructure.
“When a man dies, his acts come to an end, except three things: recurring charity, knowledge (by which people benefit), and pious offspring, who pray for him.”
(Hadeeth of Prophet Muhammad (PBUH) as reported in Sahih Muslim)