The 6th professional meeting of representatives of Kazakhstan’s endowment funds, higher education institutions, and asset management companies was held in Astana. The event was attended by Bolatbek Nurbatyrov, Head of the Abai KazNPU Alumni Association and Director of the Abai Endowment Fund Corporate Foundation. Participants shared their experience and discussed key issues related to the development of endowment funds.

    The meeting focused on the role of endowment funds in providing sustainable support for education, science, healthcare, and other socially significant sectors. Particular attention was given to the opportunities for using Islamic finance instruments in the operations of endowment funds.

    Participants discussed the fundamental principles of Islamic finance, investment instruments available on Kazakhstan’s financial market, mechanisms for effective fund asset management, and the legal requirements governing this area. The importance of combining national philanthropic traditions with modern financial approaches was also highlighted.

    The meeting provided a platform for exchanging experience on strengthening the sustainability of endowment funds, investing endowment capital effectively, enhancing cooperation with asset management companies, and exploring new opportunities to finance educational and research projects. Speakers also discussed the potential use of Islamic financial instruments as an alternative approach to managing endowment fund assets.

    The event brought together specialists responsible for endowment funds at various higher education institutions across the country. Participants asked questions, shared their professional experience, and exchanged views with the speakers.

    For the Abai Endowment Fund Corporate Foundation, the meeting provided an opportunity to study best practices in endowment capital management, expand professional networks, and identify effective mechanisms for the long-term support of the university’s educational and research initiatives.

    At the conclusion of the meeting, Yerzhan Amirbekuly, a representative of the Ministry of Science and Higher Education of the Republic of Kazakhstan who attended the event, thanked the organizers and participants and presented certificates of appreciation.

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