A total of MYR1.85 billion (US$430 million) was collected through the endowment funds of the 20 local public universities as of June this year, the Malaysian house of representatives, the Dewan Rakyat, was told last week, reports Bernama.
Higher Education Minister Datuk Seri Idris Jusoh said Universiti Malaya recorded the highest collection of MYR1.6 billion, followed by Universiti Kebangsaan Malaysia at MYR71 million.
Idris was replying to a question from Datin Mastura Mohd Yazid (BN Kuala Kangsar) who wanted to know the number of universities which had set up endowment funds for the future rather than continue to be funded by the government. He said seven more public universities were in the process of obtaining approval from the state Islamic religious councils to set up their respective endowment centres.
Full report on the Bernama site
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