Educational Endowments and their Role in Investing in Human Capital - Islamic Economic Assessment

Abstract

This study addresses educational endowments and their role in investing in human capital from the perspective of Islamic economics, which is considered a branch of development avenues that enhances genuine development opportunities in society. The study poses a primary question: What is the Islamic economic estimation of educational endowments, and to what extent do they contribute to investing in human capital? The study found that endowments for education have contributed to improving and raising the educational level. Endowment institutions have financed the infrastructure of educational and pedagogical endowment institutions, thus reducing the financial burdens on the state budget. Educational endowments have significant effects in economic, social, and educational fields, contributing and continuing to contribute to raising the level of the Islamic society in those areas. The study recommends the necessity of developing the legislative and legal foundations regulating endowment institutions and management methods of educational endowments to align with current developments and the spirit of the times.