IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-839-4_94.html

Long-Run Financial Sustainability of the Registered Old-Age Care Centres in Malaysia: The Roles of Endowment and Waqf

In: Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-10 2022)

Author

Listed:
  • Nur Hayati Abd Rahman

    (Universiti Teknologi MARA Cawangan Melaka)

  • Khairunnisa Abd Samad

    (Universiti Teknologi MARA Cawangan Melaka)

  • Fariha Aiza Ramly

    (Universiti Teknologi MARA Cawangan Melaka)

  • Zulkefli Muhamad Hanapiyah

    (Universiti Teknologi MARA Cawangan Melaka)

  • Muhammad Syukri Abdullah

    (Universiti Teknologi MARA Cawangan Melaka)

  • Noraznira Abd Razak

    (Universiti Teknologi MARA Cawangan Melaka)

Abstract

Given that the number of ageing populations in Malaysia is keep rising, Malaysia must prepare for increased demands on healthcare and social services. Failing to adapt will give tension to public resources and jeopardize the life quality of the senior citizens. Although Malaysia has developed 379 old-age care centres nationwide under the umbrella of the JKM, these centres are all facing with almost the same challenges, namely funding constraints, shortage of staffs, limited capacity and quality of care. All these challenges are interrelated and directly connected to the funding issue. Thus, since Japan is the super-aged country that has long-term experience in successfully handling these challenges, this paper aims to explore the best practices from Japan on how they finance their old-age care centres. Besides, this paper also aims to examine the possibility of using endowment funds to finance the old-age care centres in ensuring financial sustainability in the long-run. By using a qualitative method, the results of the findings are beneficial for Malaysia’s government and Islamic authorities in every state to look in depth on the ways to overcome the financial issues by using waqf or endowment funds.

Suggested Citation

  • Nur Hayati Abd Rahman & Khairunnisa Abd Samad & Fariha Aiza Ramly & Zulkefli Muhamad Hanapiyah & Muhammad Syukri Abdullah & Noraznira Abd Razak, 2025. "Long-Run Financial Sustainability of the Registered Old-Age Care Centres in Malaysia: The Roles of Endowment and Waqf," Advances in Economics, Business and Management Research, in: Firman Firman & Shuhymee Shuhymee & Rangga Handika & Muhammad Rizky Prima Sakti & Astri Yuza Sari & (ed.), Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-10 2022), pages 1146-1157, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-839-4_94
    DOI: 10.2991/978-94-6463-839-4_94
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-839-4_94. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.