Corporate waqf for healthcare: an innovative Islamic social finance instrument to support healthcare system in Malaysia for B40

• Main Authors: Jamaluddin, Khairul Fikry, Hassan, Rusni
• Format: Book Chapter
• Language: English
• Published: IGI Global 2021
• Subjects: HG3368 Islamic Banking and Finance
• 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

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.