DEVELOPMENT OF SHARIA HOSPITALS AS A SOURCE OF NEW ECONOMIC GROWTH

Wahyu Sulistiadi, Dumilah Ayuningtyas, Vetty Yulianty Permanasari, Prasetyaning Jati, Ira Gustina and Nisrina Widyasanti
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Wahyu Sulistiadi: Universitas Indonesia, Indonesia
Dumilah Ayuningtyas: Universitas Indonesia, Indonesia
Vetty Yulianty Permanasari: Universitas Indonesia, Indonesia
Prasetyaning Jati: Universitas Indonesia, Indonesia
Ira Gustina: Universitas Indonesia, Indonesia
Nisrina Widyasanti: Universitas Indonesia, Indonesia

Journal of Islamic Monetary Economics and Finance, 2025, vol. 11, issue 3, 669-688

Abstract: The development of Sharia hospitals represents a unique integration of Islamic values into healthcare services, fostering new avenues for economic growth. This study has three key objectives: (1) examining factors contributing to the establishment of Sharia hospitals, (2) analyzing the essential elements of Sharia hospital development using the Business Model Canvas (BMC) to ensure sustainability; and (3) assessing Sharia hospitals’ potential to drive economic growth. Through a mixed-methods approach, quantitative data were collected from 619 patients and 149 respondents, while qualitative insights were gathered through focus group discussions and in-depth interviews with stakeholders including hospital managers and policymakers. Results indicate that Sharia hospitals report higher levels of patient satisfaction and loyalty compared to non-sharia hospitals, with significant emphasis on service quality, and experiential marketing. The integration of Islamic financial instruments such as Zakat, Infak, Sedekah, and Wakaf (ZISWAF) also enhances financial accessibility for underserved populations, promoting equitable healthcare. Indonesia also has the opportunity to open up Muslim-friendly health tourism destinations, attracting patients from other Muslim-majority countries. The growth of Sharia hospitals also contributes to the expansion of the halal ecosystem in Indonesia. This is not only beneficial for the health sector but also drives economic growth.

Keywords: sharia hospital; New economic growth; Business model canvas; Islamic finance (search for similar items in EconPapers)
JEL-codes: I11 I15 I18 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:idn:jimfjn:v:11:y:2025:i:3h:p:669-688

DOI: 10.21098/jimf.v11i3.2714

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