Strategies for Managing Endowment Funds: Case Studies of Selected Malaysian Public Universities
Strategi-strategi dalam Mengurus Dana Endowmen: Kajian Kes di Universiti Awam Malaysia yang Terpilih

Department of Shariah and Economics
Academy of Islamic Studies
Universiti Malaya
50603 Kuala Lumpur, MALAYSIA.

n.adilahasbullah@gmail.com

Department of Shariah and Economics
Academy of Islamic Studies
Universiti Malaya
50603 Kuala Lumpur, MALAYSIA.

asmak@um.edu.my

Abstract

The Malaysian government has strongly encouraged Malaysia’s public universities to seek additional sources of income to assure the sustainability of their finances. Endowment is one of the sources encouraged by the government for implementation by these universities. This encouragement has received a positive response from public universities: all of them have now implemented endowment funds. However, the strategies used by these institutions in managing these funds are still poorly documented. Therefore, this study was conducted to explore the strategies used by Malaysian public universities in managing such funds. It is a qualitative study conducted by interviewing six representatives from selected public universities: Universiti Malaya (UM), Universiti Kebangsaan Malaysia (UKM) and Universiti Teknologi Malaysia (UTM). These public universities were selected because they recorded the highest collection of endowment funds. This study found that the strategies in managing endowment funds in Malaysian public universities include diversified investment portfolios, the appointment of investment experts, Shariah-compliant investments as an alternative, and diversified income sources.

Keywords

endowment fund; Malaysia; management; public universities; Strategies
https://doi.org/10.17576/pengurusan-2021-62-02

Citation

Hasbullah, N. A., & Ab Rahman, A. (2021). Strategies for Managing Endowment Funds: Case Studies of Selected Malaysian Public Universities. Jurnal Pengurusan, 62, 17–26. https://doi.org/10.17576/pengurusan-2021-62-02

@article{hasbullah2021strategies,
  title={Strategies for Managing Endowment Funds: Case Studies of Selected Malaysian Public Universities},
  author={Hasbullah, Nurul Adilah and Ab Rahman, Asmak},
  journal={Jurnal Pengurusan},
 

volume={62},
  number={},
  pages={17—26},
  year={2021},
  doi={https://doi.org/10.17576/pengurusan-2021-62-02},
  publisher={Penerbit UKM},
}

Export Bibliography:

No. of views: 170

   

Article received:  
Accepted for publication:  
Available online: 

Issue logo

62 (2021) 17 – 26

Download PDF

Share via:

Similar Articles

  1. Multiple Directorships and the Monitoring Role of the Board of Directors: Evidence from Malaysia
  2. Earnings Management in Malaysian Public Listed Family Firms
  3. International Financial Reporting Standards and Financial Information Quality: Principles versus Rules-based Standards

Receive updates when new articles are published