Educational Awqaf & Financial Crisis
From the Publications issued by SAEE for Awqaf Development (25)
The General Objective of the Academic Material:
Over the past two decades, wealthy colleges and universities have allocated a growing share of their Awqaf for lucrative investments with a high degree of risks. These investments are often not associated with liquidity during economic prosperity and stability.
The so-called “Investment Waqf Model” has achieved superior financial proceeds but then along came the financial crisis. Within a year, those investments had incurred investment losses exceeded dozens of billions of Waqf wealth in colleges and universities, up to 30% of Waqf value in some of those wealthy organizations.
This book seeks to investigate how this might occur and who is the main loser when universities decide to pursue high-risk investments.