Corporate Waqf for Healthcare in Malaysia for B40 and M40

Khairul Fikry Jamaluddin and Rusni Hassan ()
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Khairul Fikry Jamaluddin: International Islamic University Malaysia [IIUM]
Rusni Hassan: Institute of Islamic Banking and Finance, International of Islamic University of Malaysia (IIiBF/IIUM)

Chapter Chapter 27 in Islamic Wealth and the SDGs, 2021, pp 521-537 from Springer

Abstract: Abstract Nobody can deny the fact that health is a nucleus to the lives of nation. Absence of it can create disharmony to an individual and society at large. Recent phenomena of COVID-19 outbreak have penetrated into the lives of masses. This chaotic event causes the adverse effect to the health and well-being of people. Funds are always needed to mitigate or deal not only for such pandemic, but for another types of diseases as well. Wealth and health have interrelationship that can hardly be separated. Purpose: This paper primarily aims to discuss on Corporate Health Waqf can be an alternative mean to revive and sustain the good health and well-being of people. In addition, this paper also aims to provide a new model of waqf instrument to realize the concept of Islamic social finance in healthcare system in Malaysia. Design: The concept of fairness and justice in Corporate Health Waqf is used in this research paper. The concept is crucial in distributing wealth and resources for the betterment of health and well-being of the masses especially among the B40 and M40. Findings: This paper provides solution and suggestion for the health institutions to be supported by waqf institutions. Practical implication: This paper provides an idea to establish the concept of corporate health waqf in order to establish security in health and economic for the society well-being.

Keywords: Waqf; Corporate waqf; Healthcare; B40; M40; Malaysia (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65313-2_27

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DOI: 10.1007/978-3-030-65313-2_27

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