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INCEIF UNIVERSITY
Donate To A Noble Cause
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:
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The development of human capital in Islamic finance by assisting deserving students in pursuing INCEIF programmes irrespective of nationality, race and gender;
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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)
Endowment Programmes
The IEF, managed by its Board of Trustees and guided by Shari’ah principles,
will allow us to benchmark our operations and services against international best standards.
COLLECTION REPORT (2015 – 2022)
The bar chart depicts the past collection trend since inception in 2015:
The past 2 years have shown a growth pattern with 2022 achieving the highest collection to date
The past 2 years collected amount contributed 43% (RM1,149,898.53) of the total collection of RM2,690,543.32
2022 saw a 25% Year on Year growth compared to 2021
Breakdown: fund investment & performance (2015 – 2022)
| Purpose | Collection (RM) | Profit Earned (RM) | Total (RM) |
|---|---|---|---|
| General (Account 1) | 1,582,672.33 | 109,330.42 | 1,692,002.75 |
| TOTAL (General) | 1,582,672.33 | 109,330.42 | 1,692,002.75 |
| Specific (Account 2) | |||
| (a) Scholarship | 590,978.35 | 12,862.23 | 603,840.58 |
| (b) Research | 461,442.64 | 10,042.98 | 471,485.62 |
| (c) Academic Chair | 150.00 | 3.26 | 153.26 |
| (d) Infrastructure | 55,300.00 | 1,203.57 | 56,503.57 |
| TOTAL (Specific) | 1,106,870.99 | 24,112.04 | 1,131,983.03 |
| GRAND TOTAL (General + Specific) |
2,690.543.32 | 133,442.46 | 2,823,985.78 |
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Total collection under the General Purpose at the end of 2022 stood at RM1,582,672.33 (59% of the total collection)
While the total collection under the Specific Purpose at the end of 2022 was RM1,106,870.99 (41% of the total collection)
Under the Specific Purpose, Scholarship category has the highest share at RM590,978.35 (53%), followed by the Research category RM461,442.64 (42%)
Total Profit earned from the FD placement: RM133,442.46 where 82% of it came from the General Purpose
At the end of 2022, the grand total available is RM2,823,985.78
Quran 2:261 (Surat Al Baqarah)