USING INNOVATIVE WAQF PROPERTY DEVELOPMENT APPROACHES TO ENHANCE AFFORDABLE AND SUSTAINABLE HEALTHCARE FUNDING IN RURAL INDIA
Keywords:Waqf, India, Venture Philanthropy, Rural healthcare, Sustainable
Historically, Islamic social institution such as waqf have been very instrumental in providing social services including healthcare to the poor and needy in society. Currently, the problem of financing health services is being raised in many developing countries including India. According to statistics, India’s healthcare sector falls below international benchmarks for physical infrastructure and manpower and even falls below the standards existing in comparable developing countries. About 75% of health infrastructure, medical manpower and other health resources are concentrated in urban areas where only 27% of the population lives. Estimates indicate that, India needs to open 600 medical colleges (100 seats per college) and 1500 nursing colleges (60 seats per college) in order to meet the global average of doctors and nurses. Meanwhile, India is one major non-Muslim country in the world that has huge and varieties of waqf properties and a comprehensive waqf Act for administration. However, Indian waqf properties have for far too long failed to provide benefits to the community as they should, partly due to undeveloped, underdeveloped, dilapidated waqf properties. The innovative utilization and development of these properties could have a far reaching and profound impact on the lives of rural Indians especially among the Muslim communities. This paper seeks to examine venture philanthropy as a possible innovative investment options and property development technique for India waqf properties in a bit to enhance and provide affordable healthcare finding in rural India. The paper adopts qualitative content analysis as a methodology and mainly reviewed literature from published articles and relevant reports. The conclusion suggests that, with proper innovative investments and development approaches for waqf properties such as venture philanthropy, there will be rapid improvement in healthcare funding particularly for the rural poor who barely have any or adequate access to quality healthcare services.
Abdul Jamil Omar et all (2018), ‘’ Current Issue in Corporate Waqf in Malaysia’’. Advanced Science Letter, Vol 24, Number 5, May 2018, pp. 3045-305.
Ashok V. Patil et all (2002), ‘’Current health scenario in Rural India’’. Austrian Journal of Rural Health (2002) 10, 129–135.
Azliza AM Zakaria & Rose RA Samad (2013), ‘’ Venture Philanthropy Waqf Model: A Conceptual Study’’.
Dahlia & Haslindar Ibrahim (2013), ‘’ REVIVAL OF WAQF PROPERTIES IN MALAYSIA’’.
Ibn Abidin, Radul Mukhtar, vol. IV, p. 387
Jagasia, A., & Anika, J. (2019, March 27). Public Policy Initiative. Retrieved from publicpolicy.wharton.upenn.edu: https://publicpolicy.wharton.upenn.edu/live/news/2907-healthcare-in-india-the-challenge-of-demography#_edn9
Jaysawal, N. (2015). Rural Health System in India: A Review. International Journal of Social Work and Human Services Practice, 10.
Kahf, Tamwil al-Tanmiyah al Amwal Waqf, p 36
Mahadi Ahmad (2015), ‘’ Cash Waqf: Historical Evolution, Nature and Role as an Alternative to Riba-Based Financing for the Grass Root’’. Journal of Islamic Finance, Vol. 4 No. 1 (2015) 063 – 074. IIUM Institute of Islamic Banking and Finance ISSN 2289-2117 (O) / 2289-2109 (P).
Nagpal, S., & La Forgia, G. (2012). Government-Sponsored Health Insurance in India. Washington DC: The World Bank.
Nassir Ul Haq Wani et all (2013), ‘’ Health System in India: Opportunities and Challenges for Enhancement’’. IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 9, Issue 2 (Mar. - Apr. 2013), PP 74-82 www.iosrjournals.org
Patel, V., Parikh, R., Nandraj, S., Balasubramaniam, P., Narayan, K., K Paul, V., . . . Reddy, K. S. (2015). Assuring health coverage for all in India. The Lancet , 15.
Ramani Kv & Mavalankar Dileep (2014), ‘’ Health system in India: Opportunities and Challenges for Improvements’’. Indian Institute of Management Ahmedabab. WP No. 2005-07-03. https://www.researchgate.net/publication/6632104.
Rasool, T. (2017). Waqf Administration in India: Issues and Challenges of State Waqf Boards. Journal of Islamic Thought and Civilisation , 12.
The Sustainable Development Goal Report 2019.
Secretariat, C. (2006). Social, Economic and Educational Status of the Muslim Community of India. New delhi: Prime Minister’s High Level Committee.
Shadiya M.S. Baqutayan & Akbariah M. Mahdzir (2018), ‘’Importance of Waqf in supporting Healthcare Services’’. Journal of Science, Technology and Innovative Policy Vol. 4 No. 1 (Jun. 2018).
Shey Khalid Rashid (2018), ‘’ Potential of Waqf in Contemporary World’’. JKAU: Islamic Econ., Vol. 31 No. 2, pp: 53-69 (July 2018) DOI: 10.4197/Islec.31-2.4.
Shodhganga. (2018). Health Care System in India. Shodhganga, 36.
Sustainable Development Goals Report 2019.
How to Cite
Copyright (c) 2020 International Journal of Islamic Economics and Finance Research
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.