Accra:The College of Banking and Financial Studies has officially launched the "Nibras Private Endowment Foundation," an initiative aimed at supporting education, research, innovation, and entrepreneurship. This new educational endowment institution focuses on developing and managing endowment assets to fund sustainable educational opportunities, contributing to a knowledge-based economy for future generations.
According to Oman News Agency, the foundation will allocate its resources to support eligible students, fund scientific research, and strengthen fields such as financial technology and artificial intelligence. It also aims to enhance community partnerships, develop human capital, and align with the national priorities of Oman Vision 2040.
Hisham Abdulmalik Al Hinai, CEO of Nibras Private Endowment Foundation, emphasized the foundation's role as a significant milestone in promoting educational endowments. He stated that the foundation seeks to optimize the management of endowment assets, transforming their returns into educational and knowledge benefits for Oman's future.
The foundation operates on values of trustworthiness, sustainability, transparency, inclusivity, partnership, and excellence, striving for high efficiency and maximizing the societal impact of its resources. It plans to build strategic partnerships with public and private sectors, individuals, and donor organizations to launch initiatives such as academic scholarships, scientific research funds, and innovation programs.
Established under the supervision of the Ministry of Endowments and Religious Affairs, the foundation was initiated by the College of Banking and Financial Studies. It operates under a comprehensive legal and regulatory framework, overseen by an independent board of directors committed to transparency, governance, and accountability.
