Some service institutions suffer from difficulties in financing their operation, such as universities and private hospitals, as their revenues are not sufficient for operation, such as paying salaries, electricity, water, building maintenance, etc., and some experiments in developed countries have stopped me, as they depend on the endowment funds to finance the institution, so they are deposited in funds belonging to the university for example, for example, suspended amounts, so these amounts are investigated on the condition of maintaining the capital, which are the amounts It is in the fund, and the proceeds of investing this funds are spent on operating and developing the university
Among the most famous examples of these universities are universities in the United States of America, and we find that the budgets of its endowment funds are billions of dollars. In the fiscal year 2023-2024 AD, the Harvad University budget, (51.98), reached the budget for the University These investments are sufficient to operate, develop laboratories, facilities, and financing scientific research and other universities’ needs.
We note from this experience that the suspended funds are money deposited in a bank wallet or a bank account of the university, and here the question of itself is raised, what is the ruling on stopping money? It was stated in the decision of the Islamic Fiqh Academy to stop the money on December 19, 2022 AD that it is permissible to stop the money, as the decision stipulated the following:
Stopping money is legally permissible; Because the legal intention of the endowment, which is the imprisonment of the original and the extent of the benefit is achieved in it; And because the money does not have to be appointed, but its replacement is its place.- It is permissible to stop the money for the good loan, and to invest either in a direct way, or with the participation of a number of standing in one fund, or by issuing endowment cash shares in order to encourage the endowment and achieve collective participation in it.- Investing the cash money arrested in notables; As if the beholder buys a property or is made by it, then these assets and notables are not a specific endowment, but it is permissible to sell it for the continuation of investment, and the endowment is the origin of the cash amount.
The endowment funds belonging to universities and for financing are considered successful experiences over dozens of years, and other forms of bank portfolios, some banks are a portfolio to invest in the suspended cash endowments, so those standing in these governorates are required to money, and the bank invests these sums, and spends their proceeds to the arrested on them, which is set by each stand, so the standing is delivered to the profits to distribute to them The one arrested, and the stand may decide to hand these sums to a specific association to dispose of these sums to the needy.
The presence of endowment bank portfolios has positives, so it is to facilitate people to stop their money even if they are simple amounts deposited in these portfolios to be a joint stop, and the bank in need can lend a good loan with the help of the money suspended in the governor, which makes the bank provides humanitarian services to the needy, and if I see that there are caveats from this experience, including a decrease in the value of the currencies, or the bank’s exposure to losses or integration with another bank, In general, there are successful positive experiences in stopping the money in funds or governorates that lasted for many years in developed countries, such as stopping the universities that we mentioned … and you are safe.
