annual report 2016_PDF

IIUM ENDOWMENT FUND (IEF)

1

1. Overview of IEF ……..page 3
2. IEF Fund Raising Products Profile ……..page 4 – 9
3. Highlights of Achievement in 2016 ……..page 10 - 16
4 Prominent Scholarship Programmes by IEF ……..page 17
5 Highlights of Events in 2016 ……..page 18 -25
6. Appreciation ……..page 26
7. The Way Forward ……..page 27 - 33
8. Projection of Income in 2017 ……..page 34

2

Inspired by the establishment of Al Azhar University Waqf and the endowment
funds of a few eminent universities in the UK and USA, the International Islamic
University Malaysia (IIUM) has made the initiative to establish this Division i.e.
IIUM Endowment Fund (IEF). The IIUM Majlis endorsed the establishment in its
48th meeting which was held on 15th March 1999.

Through the various fund raising initiatives which attracted local as well as
international philanthropists, IEF is now known as part of the University's vital
components to support the financial sustainability of the University. The sources of
funds rely not only on the cash contributions received, but also on real estate
management and investment, as well as the recently launched IIUM Knowledge
Waqf programme.

The target recipients of this fund are those financially incapable students with
excellent academic performance, who enjoy scholarship awards, settlement of
tuition fees, a monthly stipend allowance and one-off financial assistance during
their studies in IIUM.

3

IIUM Knowledge Waqf CONTRIBUTION
Cash
The recently launched programme is one of IEF’s initiatives to Cheque
increase the size of our fund for needy students and at the same time
to secure continuous financial sustainability. This programme strictly Online Payment
follows the concept of cash Waqf and all your contributions will be Standing Instruction
pooled and invested in the Shariah compliant investment Monthly Salary Deduction
instruments. Only the yields from the investment will be used to
assist needy students. The contribution will be INVESTED in Shariah compliance
investment instruments to generate cash income

Return of
Investment

Financial Assistance to IIUM Ummatic
IIUM Community Scholarship

4

MAHALLAH HH SHEIKH
HUMAID AL NUAIMI

IIUM Perpetual Endowment Property Fund MAHALLAH LTAT
AZMAN HASHIM COMPLEX
IEF, through the IIUM Perpetual Endowment Property Fund
programme, has managed to build 3 buildings, i.e. Azman Hashim
Complex, Mahallah HH Sheikh Humaid bin Rashid Al Nuaimi and
Mahallah LTAT which, all of which were built at a cost of RM8.4
million, RM4.5 million and RM5.5 million respectively

The rental income generated from these buildings has benefitted
needy IIUM students through the Azman Hashim –IIUM Ummatic
Scholarship, HH Sheikh Humiad bin Rashid Al Nuaimi – IIUM Ummatic
Scholarship and Yayasan LTAT – IIUM Ummatic Scholarship.

IDENTIFY DONOR(S) THE HOSTEL THE THE RENTAL IIUM
SUITABLE AGREE TO BUILDING COMPLETED INCOME WILL DESERVING
DEVELOPMENT FUND THE BUILDING IS BE CONVERTED STUDENTS TO
PROJECT PROJECT, CONSTRUCTED OCCUPIED WITH ENJOY THE
BASED ON AND NAMED AGREEABLE / INTO A SCHOLARSHIP
PERPETUAL AFTER THE REASONABLE SCHOLARSHIP
ENDOWMENT RENTAL RATE PROGRAMME,
PROPERTY DONOR'S NAME TO BE NAMED
CONCEPT
AFTER THE 5
DONOR'S NAME

Barakah Scheme – Zakat Payment

IEF has been appointed the Sub-Amil for the Lembaga Zakat
Selangor since 2005. This collaboration has allowed IEF to
collect all Zakat from the IIUM community and the public
through both IIUM monthly salary deductions and counter
collections.

The disbursement portion, which is 50% of the Zakat
collection reimbursed to IEF, is distributed to Asnaf among
the IIUM community, with priority given to students.

6

KAFALAH (FOSTER PARENTS) RM1 CAMPAIGN
PROGRAMME This programme is designed
to motivate the donors to
The Kafalah programme donate a minimum of
invites interested donors to RM1.00 to the fund. At this
assist deserving students moment, it is run through
with their monthly living the IIUM monthly salary
expenses during their period deduction only. All funds are
of study, preferably at used for IEF financial aid
RM400.00 a month per programmes for needy
student. students.

7

GENERAL DONATION
Donations solicited from individuals or institutions through
meetings, mail, events or campaign have enabled IEF to
financially assist deserving students of IIUM, mainly to finance
the IIUM Ummatic Scholarship.

IEF also encourages donors to drop their contribution in the
donation boxes, which are circulated during IIUM events and
placed at IIUM office counters as well as at business outlet
counters around the campus.

8

INCOME GENERATION THROUGH RENTAL OF Dewan Zabedah,
CONDOMINIUM UNITS AND A MULTI PURPOSE 4220 sqft
HALL SPACE
9
The rental income generated from the 12 units of
Putra Villa Condominum owned by IEF and the
Dewan Zabedah located at the Level 3 of Azman
Hashim Complex has been used for the financial aid
of needy students and IIUM Ummatic scholarship.

12 units of Putra Villa Condominium, Tmn Melati Gombak,
which were purchased at a cost of RM2.5 million in 2005

For reservations, please call:
En. Mohd Khairul Mohd Zain
03 – 6196 5313
[email protected]

10

IEF COLLECTION 2016
RM10,628,379.89

Corporate Zakat (RM) LZS Zakat (RM)
1,160,079.69 4,924,999.18
11%
46%
Waqf Knowledge (RM)
509,951.00
5%

Cash and Properties
Investment Income

(RM)
2,104,967.21

20%

Kafalah (RM) General Donation
58,061.00 (RM)
0%
1,765,570.78
17%

RM1 Campaign (RM) Business Activities & Other Income (RM) 11
97,376.00 7,375.03
1% 0%

IEF COLLECTION

COMPARISON FOR 2015 & 2016
(increased by 13%)

RM10,628,379.89

RM9,423,063.10

2015 2016

12

LZS Zakat (100% Collection) IEF COLLECTION
(RM)
COMPARISON FOR 2015 & 2016
Corporate Zakat (RM) (By Categories)

Waqf Knowledge (RM) 4,924,999.10 (↓1%)
4,986,963.10

1,160,079.69 (↑50%)
773,921.00

509,951.00 (↑100%)

Cash and Properties 2,104,967.21 (↑31%)
Investment Income (RM) 1,608,328.00
Business Activities & Other
7,375.03 (↓33%)
Income (RM) 10,982.00

Kafalah (RM) 58,061.00 (↑17%)
49,553.00
RM1 Campaign (RM)
97,376.00 (↓4%)
General Donation (RM) 101,914.00

1,765,570.78 (↓7%) 2016
1,891,402.00 2015

13

DISBURSEMENT OF FUNDS IN 2016
RM10,547,455.92

Zakat (LZS)
4,730,570.23

45%

Corporate Zakat Financial Ummatic
1,240,134.45 Assistance Scholarship
12% 1,434,489.96 3,142,261.28

13% 30%

14

DISBURSEMENT OF FUNDS

COMPARISON FOR 2015 & 2016
(increased by 19%)

RM10,547,455.92

RM8,862,755.43

2015 2016

15

DISBURSEMENT OF FUNDS

COMPARISON FOR 2015 & 2016
(By Categories)

1,434,489.96 (↓16%) 2016
2015
1,717,584.09
Financial Assistance
Ummatic Scholarship 3,142,261.28 (↑99%)

Zakat (LZS) 1,575,568.25
Corporate Zakat
4,730,570.23 (↓2%)
4,851,816.50

1,240,134.45 (↑73%)

717,786.59

16

PROMINENT SCHOLARSHIP
PROGRAMMES BY IEF IN 2016

(442 students)

IIUM UMMATIC IIUM POST ISF - IIUM IQRAA HUMAN
SCHOLARSHIP GRADUATE – UMMATIC RELATIONS –
IIUM UMMATIC SCHOLARSHIP
(212 students) SCHOLARSHIP IIUM UMMATIC
(86 students) SCHOLARSHIP
(55 students)
(46 students)

AZMAN HASHIM YAYASAN LTAT - HH SHEIKH
– IIUM IIUM UMMATIC HUMAID BIN
SCHOLARSHIP RASHID AL NUAIMI
UMMATIC – IIUM UMMATIC
SCHOLARSHIP (8 students) SCHOLARSHIP

(30 students) (5 students)

17

18

The Launching of IIUM Knowledge Waqf CONTRIBUTION
Cash
28th October 2016 / Friday @ Sultan Haji Ahmad, Shah Mosque, IIUM Gombak Campus Cheque

Prof. Dato’ Sri Dr. Zaleha Bt. Online Payment
Kamarudin, the Rector of IIUM, Standing Instruction
has launched the IIUM Monthly Salary Deduction
Knowledge Waqf. The target of
the programme is to establish The contribution will be INVESTED in Shariah compliant
a RM1 bilion Trust Fund. investment instruments to generate perpetual cash income

A total of 145 staff of IIUM Return of
participated in the programme Investment
during the launching
ceremony. Financial Assistance IIUM Ummatic
Scholarship

Category / No. of Amount
Description Staff
Confirmed 97 RM175,907.00
amount
Contribution 48 RM1,834.00
until further per month
notice /
retirement

19

eTiQa Takaful Berhad Corporate Zakat Award Giving Ceremony

- 18 October 2016 @ Dewan Zabedah, Azman Hashim Complex, IIUM Gombak Campus
- 20th October 2016 @ IIUM Kuantan Campus

IIUM Endowment Fund has arranged two sessions for the programme, i.e. one (1) session at IIUM Gombak Campus and one (1)
session at IIUM Kuantan Campus. The financial assistance was handed over by Ust. Mohamed Hadi Abdul Hamid for both
sessions to some representatives during the event.
A total of 152 recipients, comprised of 97 students from Gombak Campus and 55 students from Kuantan Campus, benefitted
from the contribution made by Etiqa Takaful Berhad. These recipients will be receiving RM300 per month for food allowances
from September 2016 until April 2017.
The total contribution from Etiqa Takaful Berhad was RM560,000.00.

20

PruBSN Corporate Zakat Award Ceremony 2016

- 2 December 2016 @ Dewan Zabedah, Azman Hashim Complex, IIUM Gombak Campus

The Financial Assistance was handed over by Cik Noor
Farihah Awang Noor to the representative of 87
recipients.
The total contribution from the company, which amounted
to RM96,820, was meant for tuition fees for semester 1
and Semester 2 2016/2017.

21

Cheque Presentation Sessions from Asian Finance Bank

- 13 July 2016 @ Rector’s Office, IIUM Gombak Campus
- 9 December 2016 @ Finance Division, IIUM Gombak Campus

Mr. Azidy Daud, the Chairman, Interim
Management Committee of Asian
Finance Bank handed over two
contributions in separate sessions, for a
total amount of RM145,998.43.
the contributions were meant for the
settlement of outstanding tuition fees for
95 local graduated students.

22

Majlis Agihan Zakat (Bantuan Hari Raya)

- 28 June 2016 @ Experimental Hall, IIUM Gombak Campus

Prof. Dato’ Dr. Mizan Hitam, the Chairman of Zakat Executive Committee, IIUM, handed over the financial assistance to some
representatives of 1,256 recipients among IIUM general workers, who received an amount between RM200.00 – RM500.00 each.
The total fund for this purpose, amounting to RM258,800.00 is derived from Zakat (Business & Salary) contributions from IIUM
Holdings and its subsidiaries (DBSB, ILESB and IIUM Educare).​

23

Mock Cheque Presentation by Bank Islam (M) Berhad

- 13 July 2016 @ Rector’s Office, IIUM Gombak Campus

Y. Bhg. Dato’ Wan Ismail Wan Jusoh, Business Advisor of Bank
Islam (M) Berhad handed over the organization’s Corporate
Zakat to the Rector of IIUM, amounting to RM50,000.00.
Among the highlighted issues during discussion, were the
following:
- IIUM invited BIMB as a partner for IIUM project in KERALA

on Islamic Banking and Finance
- BIMB business proposal on Investment Account to IIUM

24

Visit to the IEF – MISA Sustainable Agricultural
Training and Development Centre

- 20 April 2016 @ Jalan Gombak. The visit was attended by Y. Bhg. Prof. Tan Sri Dr. Kamal Hassan, who endowed the
1.2812 acres of the land located at Lot 2059, Batu 8 Jalan Gombak, to IEF.

The land has been managed by the Malaysian Institute of Sustainable Agriculture (MISA)
for their Sustainable Agriculture Training and Development Centre since 2014, with the
annual rental of RM5,000.00.

The event was also attended by one of the Trustees of the land, Prof. Dr. Mohamed
Aslam Mohamed Haneef.

25

DEEPEST
appreciation

To generous corporate donors for 2016, some of which

include the following:

eTiQa Takaful Berhad Maybank Islamic
Lembaga Pemegang Amanah Kolej Islam Malaya Berdaftar (LAKIM) ACR ReTakaful Berhad
Asian Finance Bank Berhad Iqra for Human Relations
Bank Islam (M) Berhad
Prudential BSN Takaful Berhad Tetuan Yayasan Taqwa
Al Rajhi Bank Berhad
Syarikat Perumahan Pegawai Kerajaan OCBC Al- Amin Berhad
UMW Corporation Sdn Bhd
Affin Islamic Bank Berhad Suruhanjaya Sekuriti Malaysia
Azzka Petro Enterprise
IIUM Holdings Sdn Bhd Daya Bersih Sdn Bhd
IIUM Properties Sdn Bhd
All donors who would like to be anonymous Kamal Engineering Sdn Bhd

26

IIUM ENDOWMENT FUND

27

Reaching the 2nd decade Increase of Develop Enhancement of
of its establishment, IEF Funds
has formulated Strategic ST1 Strategic ST2 HR ST3
Plans to achieve the Marketing Plan Management
desired target in five (5)
years as formulated in
the IEF Business Plan
2016 – 2020.

Enhancement of Develop Donors
Disbursement
Policy ST4 Retention ST5
Programme

28

ST1 Explore New Improve
Business Solicitation
INCREASE OF Strategies
FUNDS Opportunities
Upgrade
Target For Relationship
New Donors
Strategies

Maximum INCREASE Product(s)
Tenancy for SIZE OF FUND Development
Properties

FINANCIAL
SUSTAINABILITY

29

ST2 Collaboration Create Multi- Increase Publicity /
with Alumni tasking staff Awareness
DEVELOP Through
STRATEGIC Increase Aggressive
MARKETING International Promotions

PLAN Donors Build
Strategic
Partnership

Showcase of IEF DEVELOP Leverage
Performance STRATEGIC Resources
MARKETING Through IIUM staff
and students
PLAN

To Expand Our Market

30

ST3 Establish a ISO Training
Marketing 9001:2008 Needs
ENHANCEMENT Certification Analysis
Unit
OF HR Develop
MANAGEMENT Optimization Database
of Resources System

Relocation / RESTRUCTURING Review and
Renovation OF IEF Improve
of IEF Office
Scheme of
Service

To Increase Productivity and
Efficiency

31

ST4 Review and Improve
the Disbursement
ENHANCEMENT Process / Policy
OF
Enhance Strategic Produce
DISBURSEMENT Networking with Comprehensive
POLICY K/C/D/I/O Information to

Students on
Disbursement

Activities

ENHANCEMENT
OF

DISBURSEMENT
POLICY /
PROCESS

To Increase Number of
Recipients and Amount

Disbursed

32

ST5 Products Promotion Increment of
Enhancement Contribution
DEVELOP
DONORS Donors appreciation
RETENTION Programme
PROGRAMME
DEVELOP
DONORS /
RECIPIENTS
RETENTION
PROGRAMME

To maintain and enhance the relations
with existing donors and recipients

33

Income Knowledge Corporate
from Waqf Zakat

Properties Zakat
Collection

Cash
Investment

income

RM11.4 million

IIUM Endowment Fund 34
March 2017