ABSTRACT

This chapter discusses several elements that drive the successful implementation of endowment and waqf at universities, namely superior investment committees, highly skilled investment managers, alumni networks, diversity of income sources, and effective fundraising. In addition, there is another element which is also important, namely the involvement of volunteers in the management of endowment and waqf funds at universities in promoting the endowment and waqf activities which can save the cost and nurture the belonging to the universities.