Citation

Lee, Mark Wei Ren and Bakar, Ridzwan and Norhashim, Mariati (2022) Waqf Hospital Framework for B40 Social Wellbeing. In: Postgraduate Social Science Colloquium 2022, 1 - 2 June 2022, Online.

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Abstract

Background - Waqf has been long proven to be an excellent tool for improving people’s social well-being in the ancient Arab World. From funding mosques and building education institutions, Waqf also helps build the foundation of the current healthcare system. Though it has great potential, Waqf is being underutilized in Malaysia. Many studies have discussed the importance of Waqf as well as its history. However, limited studies are found regarding the framework of Waqf-funded healthcare system. Purpose - The purpose of this study is to examine the financing model of funding as well as governing structure that relevant to Waqf hospital. The independent variables are divided into two sections: the financing structure (funding and use of funds); and governance structure (board effectiveness, accountability and transparency). Design/methodology/approach - This research sits on interpretive research paradigm. Qualitative data were collected by using semi-structured interviews questions. Purposive sampling is used to collect data from qualified and available private healthcare institutions. A total of 6 respondents from private hospitals were collected and analysed by using Nvivo software for transcription and thematic analysis. Findings/Expected Contributions - This paper proposed a simple Waqf hospital framework with reference to mySalam and other Waqf related institution structure. For financing structure, most of them are having low profit margin. High expenses are required on operation, mainly rental of buildings. For governance structure, most of the interviewees mentioned the importance of publication of annual report, board meeting, KPI and having internal audit committee. Low Waqf awareness among the public, absence of tax exemption, and unstandardised reporting regulations in Malaysia are highlighted. Extensive discussion on comprehensive Waqf Hospital model discussion should be done to raise awareness and professionalize the execution of Waqf in healthcare industry. Research limitations - Due to the unprecedented Covid 19 disease, the research sample and method are forced to be adjusted from original face-to-face interview with listed public hospital. Purposive sampling was used and interview were carried out with hospital that accepted the invitations. Originality/value - This paper would provide insight for the conceptual framework of waqf financed hospitals which would be an alternative for affordable healthcare. Hence, that will provide affordable and high-quality healthcare for Malaysian citizens especially for the lower income groups (B40 Group).

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Waqf Healthcare, Waqf Hospital, Islamic Financing, Management
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	15 Aug 2022 02:56
Last Modified:	15 Aug 2022 02:56
URII:	http://shdl.mmu.edu.my/id/eprint/10386

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