CAN YALE ENDOWMENT MODEL BE APPLIED FOR ISLAMIC PENSION FUND?

Yunice Karina Tumewang ()
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Yunice Karina Tumewang: Durham University

Journal of Islamic Monetary Economics and Finance, 2018, vol. 3, issue Special Issue, 99-124

Abstract: This paper examines Yale Endowment model and proposes a modified investment model to achieve an investment objective of mainstream investors and to comply with Sharia principle. The proposed model utilizes Islamic CAPM to formulate the optimal asset allocation for Islamic pension fund’s portfolio. It will offer a strong investment strong which could be adopted by government to manage the Islamic pension fund and raise the awareness of society to see the great potential of Islamic pension fund in the future. Promoting an efficient and productive investment of pension-fund assets not only helps reaching Sustainable Development Goals (SDGs) by providing important sources of long-term finance for development, supporting financial inclusion and ensuring that poverty among the elderly is alleviated by a strong growth and resilience of income in retirement through pension systems that have broad coverage.

Keywords: Yale Endowment Model; Islamic Pension Fund; SDGs; Ending Poverty (search for similar items in EconPapers)
JEL-codes: I31 I32 Z12 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:idn:jimfjn:v:3:y:2018:i:specialissuef:p:99-124

DOI: 10.21098/jimf.v3i0.787

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