Proceedings of the 9th Terengganu International Business and Economics Conference 2025 (TiBEC IX 2025)

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Integration of Care Economy Concept in Waqf: Sustainable Healthcare Frameworks in Malaysia

Authors
Nur Atika Atan1, *, Rose Ruziana Samad1, Intan Fatimah Anwar2, Siti Nadiah Mohd Ali3, Nadiah Mahmad Nasir4, Maryam Badrul Munir5
1School of Healthcare Management, KPJ Healthcare University, Lot PT 17010, Persiaran Seriemas, Kota Seriemas, 71800, Nilai, Negeri Sembilan, Malaysia
2Islamic Social Finance and Applied Economics Cluster, Islamic Wealth Management Institute (IFWMI), Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Nilai, Malaysia
3Programme of Real Estate Management, Department of Built Environment Studies and Technology, Faculty of Built Environment, Universiti Teknologi MARA, Perak Branch, Seri Iskandar Campus, 32610, Seri Iskandar Perak, Malaysia
4Faculty of Business & Communication, Universiti Malaysia Perlis, Campus UniCITI Alam, Sungai Chuchuh, 02100, Padang Besar, Perlis, Malaysia
5Faculty of Economics and Business, Universitas Negeri Surabaya, Surabaya, Indonesia
*Corresponding author. Email: nur.atika@kpjuc.edu.my
Corresponding Author
Nur Atika Atan
Available Online 31 July 2025.
DOI
10.2991/978-94-6463-801-1_14How to use a DOI?
Keywords
Care economy; Waqf healthcare; Sustainability practices; Sustainable healthcare framework
Abstract

The care economy plays a crucial role in promoting social welfare and economic sustainability, and is drawing increasing attention from economists, policymakers, and industry leaders. It encompasses both paid and unpaid caregiving activities such as childcare, elder care, and healthcare that are essential to societal well-being. As healthcare demands continue to escalate, there is a pressing need for innovative and sustainable financing models. Islamic social finance, particularly waqf (Islamic endowments), offers a promising solution by enhancing healthcare accessibility while ensuring financial resilience. This study investigates the sustainability practices of waqf-based healthcare institutions in Malaysia, with a focus on the Waqf Annur Clinic chain and the USIM Medical Specialist Clinic. Employing a qualitative research approach, in-depth interviews were conducted and analysed using NVivo software to identify key themes related to sustainability strategies. The study proposes two sustainability frameworks as viable models for waqf healthcare institutions. The first adopts a hybrid model that integrates business operations with philanthropic funding, allowing for a fee-for-service approach while ensuring reinvestment in waqf healthcare services. The second framework centres on a network of charity-based clinics, sustained through CSR partnerships and philanthropic contributions, aimed at increasing healthcare accessibility while minimising operational costs. In conclusion, this study offers an alternative, sustainable, and community-driven approach to healthcare. It highlights how the integration of the care economy and Islamic social finance can guide policymakers in developing a more inclusive and resilient healthcare system in Malaysia.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th Terengganu International Business and Economics Conference 2025 (TiBEC IX 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
31 July 2025
ISBN
978-94-6463-801-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-801-1_14How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nur Atika Atan
AU  - Rose Ruziana Samad
AU  - Intan Fatimah Anwar
AU  - Siti Nadiah Mohd Ali
AU  - Nadiah Mahmad Nasir
AU  - Maryam Badrul Munir
PY  - 2025
DA  - 2025/07/31
TI  - Integration of Care Economy Concept in Waqf: Sustainable Healthcare Frameworks in Malaysia
BT  - Proceedings of the 9th Terengganu International Business and Economics Conference 2025 (TiBEC IX 2025)
PB  - Atlantis Press
SP  - 189
EP  - 203
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-801-1_14
DO  - 10.2991/978-94-6463-801-1_14
ID  - Atan2025
ER  -