INCEIF Endowment Fund

International Centre for Education in Islamic Finance (INCEIF) (Company No. 718736-K)

STATEMENT OF TRUST FORM

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(hereinafter referred to as “the Donor”), has provided the necessary funding to establish an endowed fund with INTERNATIONAL CENTRE FOR EDUCATION IN ISLAMIC FINANCE (INCEIF) (Company No.: 718736-K), a private university and a limited Company by guarantee and not having a share capital incorporated in Malaysia under the Companies Act 1965 with its principal address at Lorong Universiti A, 59100 Kuala Lumpur, Malaysia (hereinafter referred to as “INCEIF”).

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Purpose and Donation Amount: (Donation to INCEIF are tax deductible under Section 44(1)(c) of the Income Tax Act 1967

MYR

The Fund shall be administered as an endowment according to INCEIF Endowment Policy in effect now, and may be amended from time to time, which include, but not limited to such matters as the co-mingling of funds for investment purposes, assessing fees, determining the spending rate, spending excess income and net appreciation, and amending agreements to preserve the perpetuation of the Fund.

Amendments may be considered by INCEIF provided that such amendments are acceptable to Donor or his/her representative, if Donor is unable to respond.

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In accordance with INCEIF Endowment Policy, the IEF Board of Trustees shall otherwise make such appropriate amendment(s) to preserve the perpetuation of the Fund, carry out its purposes, or otherwise as provided in the INCEIF Endowment Policy.

In the event the commitment is not fulfilled, or the gift amount received does not meet the required endowment minimum, INCEIF shall have the option to terminate this endowment and disburse existing amounts in a manner consistent with the Donor's original intent.

Donor hereby acknowledge receipt of the INCEIF Endowment Policy.

INCEIF is committed to protecting the Personal Data of all Donors INCEIF deals with.
If you have any questions in relation to this Privacy Notice, please contact us at
03-7651 4000.

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