Corporate waqf for healthcare: an innovative Islamic social finance instrument to support healthcare system in Malaysia for B40
Nobody can deny the fact that health is a nucleus to the lives of the nation. The absence of it can create disharmony for an individual and society at large. Recent phenomena of the COVID-19 outbreak has penetrated the lives of masses. This chaotic event causes an adverse effect on the health and...
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| Main Authors: | , |
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| Format: | Book Chapter |
| Language: | English |
| Published: |
IGI Global
2021
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/89257/1/89257_Corporate%20waqf%20for%20healthcare%20an%20innovative%20Islamic%20social%20finance%20instrument.pdf http://irep.iium.edu.my/89257/ https://www.igi-global.com/chapter/corporate-waqf-for-healthcare/274454 |
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| Summary: | Nobody can deny the fact that health is a nucleus to the lives of the nation. The absence of it can create
disharmony for an individual and society at large. Recent phenomena of the COVID-19 outbreak has
penetrated the lives of masses. This chaotic event causes an adverse effect on the health and wellbeing
of people. Funds are always needed to mitigate or deal not only for such pandemic but for other types of
diseases as well. Wealth and health have interrelationships that can hardly be separated. This chapter
primarily aims to discuss how corporate health waqf can be an alternative means to revive and sustain
the good health and wellbeing of people. In addition, this chapter also aims to provide a new model of
waqf instrument to realize the concept of Islamic social finance in the healthcare system in Malaysia. 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 the health and wellbeing of the masses,
especially among the B40 and M40. This chapter provides solutions and suggestions for the health
institutions to be supported by waqf institutions. This chapter provides an idea to establish the concept
of corporate health waqf in order to establish security in health and economics for social wellbeing. |
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