Endowment And Its Role In Economic And Educational Development

Endowment Proposal For Alasmarya Islamic University

Abstract

This study aims to understand the nature of endowment and its role in supporting economic and educational development, particularly in universities, with a focus on Alasmarya Islamic University in partnership with Alasmarya Zawiya. The study explores the problem of endowment as a financing resource that can support economic, educational, or university development, and the importance of establishing a scientific endowment program at Alasmarya Islamic University to support local development. The study concludes that endowment has historically been considered an important economic resource that supports economic and social development in various fields, including providing income sources for the poor, creating job opportunities, improving the living standards of vulnerable groups, and investing in human capital through funding educational institutions to support education, scientific research, and development efforts. The study recommends that Alasmarya Islamic University establish a scientific endowment to support local development, particularly given the presence of the Alasmarya Zawiya and eminent scholars associated with the university. This can capitalize on the intellectual and cultural legacy left by these scholars to establish endowments that support development programs and scientific research.