ADVOKS GLOBAL · KENYA
The Charter for Islamic University of Kenya
32. Investments of Funds
Edition: 2024-12-23 · In force
32. Investments of Funds
(1)The Council may, in consultation of the Sponsor and Board of Trustees, invest any of the funds of the University in securities, treasury bonds, trust funds or in any other securities which the Treasury may, from time to time, approve.(2)The Council may, in consultation of the Sponsor and Board of Trustees, deposit with such banks as it may determine any monies not immediately required for the purposes of the University.(3)The Council may, in consultation with the Board of Trustees and the Sponsor, create or appoint other corporate bodies to manage its investments, pensions, provident funds and properties.