Reinforcing the Sultanate's commitment
to strengthening educational sustainability and investing in future
generations, the College of Banking and Financial Studies (CBFS) has officially
launched the Nibras Private Endowment Foundation, an educational endowment
institution established under the supervision of the Ministry of Endowments and
Religious Affairs. The Foundation aims to preserve, grow and responsibly invest
endowment assets, transforming their returns into sustainable educational
opportunities that empower students, advance scientific research, foster
innovation, and contribute to Oman’s long-term national development.
Nibras represents a forward-looking
model for educational endowments, bringing together the enduring legacy of Waqf
with best practices in governance, investment, and institutional management to
ensure lasting impact and deliver long-term value to society. Through
sustainable investment returns, the Foundation will support eligible students,
advance scientific research, foster innovation and entrepreneurship, promote
financial technology (FinTech) and artificial intelligence (AI), and cultivate
strategic partnerships that strengthen human capital development. In doing so,
Nibras contributes to the national priorities of Oman Vision 2040 by advancing
a knowledge-based society and an innovation-driven, sustainable economy.
Founded by the College of Banking and
Financial Studies, Nibras operates under a comprehensive legal and governance
framework approved by the Ministry of Endowments and Religious Affairs, and is
governed by an independent Board of Directors, reflecting its commitment to
transparency, accountability, institutional excellence, and the highest
standards of endowment management.
Commenting on the launch of the
Foundation and its vision for the future, Mr. Hisham Abdul Malik Al Hinai, Chief
Executive Officer of Nibras Private Endowment Foundation, said: "The launch of Nibras
represents an important step towards revitalizing the role of educational
endowments as a strategic contributor to national development. Throughout
history, endowments have been among the most enduring forms of giving because
they create opportunities that continue to benefit society across generations.
At Nibras, we aspire to transform generosity into sustainable educational
impact through responsible governance, prudent investment, and meaningful
partnerships. By investing in people, knowledge, and innovation today, we are
helping to build a stronger, more resilient future that empowers national
talent, advances research, and contributes to Oman’s long-term
prosperity."
Nibras is guided by six core
institutional values—stewardship, sustainability, transparency, inclusion,
partnership, and excellence; which underpin every investment decision and every
initiative supported by the Foundation. These principles ensure that every
contribution entrusted to Nibras creates measurable, lasting value while
preserving the integrity and purpose of the endowment for future generations.
As it embarks on its journey, Nibras
will actively cultivate partnerships with government entities, private sector organizations,
donors, and the wider community to establish scholarships, research funds,
academic chairs, entrepreneurship programs, and strategic collaborative
initiatives that strengthen Oman's educational ecosystem and create sustainable
opportunities for generations to come.
Through its long-term vision, Nibras
Private Endowment Foundation aspires to become a trusted national model for
educational endowments, preserving the enduring values of waqf while embracing
innovation, advancing knowledge, and creating a legacy of sustainable impact
that contributes meaningfully to Oman’s future and generations to come.
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