Governance
Endowment governance is a regulatory and oversight framework aimed at enhancing the efficiency of endowment management, preserving its assets, and achieving its Sharia and developmental objectives through a comprehensive system of policies, procedures, and controls governing administrative, financial, investment, and operational activities.
Governance Pillars
Clear Roles & Responsibilities
Precise definition of roles between supervisory and executive bodies to ensure integrated and disciplined work.
Transparency & Disclosure
Raising the level of transparency and disclosure in decisions and reports to enhance the confidence of beneficiaries and partners.
Accountability & Internal Control
A regulatory system that protects endowment assets and ensures compliance with the founder's conditions and regulations.
Disbursement & Investment Policies
Organized frameworks for disbursement and investment that achieve financial sustainability and maximize social impact.
Risk Management & Conflict of Interest
Clear policies for risk management and conflict of interest resolution to preserve the endowment's credibility.
Documentation & Performance Efficiency
Documenting decisions and procedures and raising institutional performance efficiency to ensure endowment stability.
Endowment governance is based on protecting endowment assets, achieving financial sustainability, and maximizing social impact, thereby enhancing the endowment's credibility, stability, and the sustainability of its benefits for beneficiaries and future generations.