The
(Investment) Fund was established as an independent department at the
university in the fifth month of 2010, and the department, through its
staff, invests the fund's funds in accordance with the investment policy
determined by the Board of Trustees and specialized committees
in line with the system and instructions of the investment fund at the
university.On 12/6/2022, the Deans Council issued a decision to include
(Provident Fund and Student and Donations Fund) to the investment fund
to become one department under the name of the Fund of
Funds
The
Investment Fund has offered several financing programs in accordance
with the Islamic Murabaha system for the benefit of university
employees, and these programs included all the needs of university
employees from land, cars, electrical and cellular appliances, computers
and home appliances, in addition to many other financing that do not
conflict with the general policy of the
fund
The
Fund is managed by a committee of university staff, which formulates
the future policies of the Fund. In light of its financial capabilities,
the Fund aspires to expand the investment process through the
preparation of feasibility studies for investment projects that benefit
the Fund and achieve profits. The Fund also seeks to expand the
financing programs by increasing the periods and ceilings of financing,
reducing Murabaha rates, and searching for sources of funding for the
Fund's programs within the
university
The
Provident Fund also provides its services to employees by granting good
loans and withdrawing dues to employees for those who wish and for
those who meet the conditions, and the Fund invests part of its money in
the investment fund, which benefits workers by distributing the profits
of these funds to their
dues
The
Student Fund also provides its services through the payment of the dues
of students who were employed during each semester, which contributes
to the provision of financial support so that these students can
continue their educational achievements
