A theoretical study on the success elements of endowment in Malaysian public universities

Nurul Adilah Hasbullah; Asmak Ab Rahman

doi:10.33102/jmifr.v18i1.324

Authors

Nurul Adilah Hasbullah Department of Shariah and Economics, Academy of Islamic Studies, University of Malaya, 50603 Kuala Lumpur, Malaysia
Asmak Ab Rahman Department of Shariah and Economics, Academy of Islamic Studies, University of Malaya, 50603 Kuala Lumpur, Malaysia

DOI:

https://doi.org/10.33102/jmifr.v18i1.324

Keywords:

Success elements, endowment, public universities, Malaysia

Abstract

Endowment is one of the important sources of income for Higher Education Institutions (HEIs) in many countries, including Malaysia. The elements that contribute to the success of this fund need to be identified so that its role can be sustained. There are several elements driving the success of endowment in HEIs were found in the previous study which consist of highly-skilled investment managers, superior investment committees and alumni networks. In this study, these elements were revisited in the context of Malaysia. This study is conducted based on a literature review which acts as a preliminary ground for further empirical research in this area. This study found that there are specific aspects that need to be included with the aforementioned elements to ensure that they are suitable to be applied in Malaysia. At the same time, other elements (i.e., diversity of income sources and effective fundraising) should be considered as well as they have the possibility to contribute to endowments’ success, especially in this country.

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Author Biographies

Nurul Adilah Hasbullah, Department of Shariah and Economics, Academy of Islamic Studies, University of Malaya, 50603 Kuala Lumpur, Malaysia

Asmak Ab Rahman, Department of Shariah and Economics, Academy of Islamic Studies, University of Malaya, 50603 Kuala Lumpur, Malaysia

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