Complex sentence: In 859, Fatima founded the world's first academic degree-granting university existing today, the University of Qarawiyyin, with money inherited from her father, a wealthy businessman.
Split into simpler sentences: In 859, she founded the world's first academic degree-granting instituiton of higher education, which is still in operation today as the University of Qarawiyyin. The institution was funded with money inherited from her father, a wealthy businessman.