KARACHI: The Sindh Madressatul Islam (SMIU) has recreated its Endowment Fund after 84 years, an official of the institution said here on Thursday.
He said that the last person who had generously contributed Rs.5,000 for the endowment fund on August 21, 1933 was Khan Sahib Haji Murad Bukhsh Mari.
This historic fact was shared by Dr Muhammad Ali Shaikh, Vice Chancellor of Sindh Madressatul Islam University (SMIU) in the first meeting of Board of Governors of SMIU's Endowment Fund, which was held at SMIU's Committee Room.
The meeting was attended by the members of BOG Nauman K. Dar, President of Habib Bank Limited, Jahangir Siddiqui, founder of JS Bank, Mohtarma Nadira Panjwani, a noted philanthropist, Ghulam Ali Surhio, Director Finance and Prof. Dr Aurangzeb, Dean of Faculty of Business Administration of SMIU. One more member, Justice (Retd) Agha Rafique Ahmed Khan, former Chief Justice of Shariat Court of Pakistan, could not attend the meeting due to being out of the country.
Dr Muhammad Ali Shaikh further informed the meeting that the institution's Endowment Fund was firstly created by Sindh Madressah's founder Khan Bahadur Hassanally Effendi on 1st September 1885, and the first to donate was Justice Amir Ali Syed, the head of the National Mohammedan Association.
The Endowment Fund remained activate till late 1930s, then it became dormant due to unknown reasons.
The members of the Endowment Fund appreciated the idea and efforts of Dr Muhammad Ali Shaikh, taken for creating Endowment Fund at SMIU and said that it will benefit the university, its students, faculty and staff members as a whole.
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