Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)

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Social Profit Density of Health-Care Waqf

Case Study of Muhammadiyah Hospitals and Clinic in Yogyakarta

Authors
Yuli Utami1, *, Ega Wiguna2, Tjiptohadi Sawarjuwono3, Abu Azam Al Hadi4
1,2Department Economics, Faculty Economics and Business, Universitas Muhammadiyah Yogyakarta-Indonesia
1,3Department Economics, Faculty Economics and Business, Universitas Airlangga-Surabaya-Indonesia
4Department Islamic Studies, Faculty of Islamic Law-Universitas Islam Negeri-Surabaya-Indonesia
*Corresponding author email: yuliutami@umy.ac.id
Corresponding Author
Yuli Utami
Available Online 13 January 2022.
DOI
10.2991/aebmr.k.211225.015How to use a DOI?
Keywords
Health-Care Waqf; Waqf Benefit; Muhammadiyah
Abstract

This paper aims to analyze the development of productive waqf (health-care endowment) by Muhammadiyah Yogyakarta in improving its social benefits. The objects in this study are PKU Muhammadiyah Hospital Jl. Achmad Dahlan, PKU Kotagede (Mother and Child Hospital), and Firdaus Primary Clinic. The key informants in this study were the hospital and clinic’s top ten management. By using ANP and logic model, this research found that each object has different priorities in developing waqf assets and health services. The activities and policies that were taken by the Muhammadiyah’s authorities in order to maximize the waqf benefits and social business for the waqf beneficiaries are cost reduction for chronic patients, free medical examinations and treatment, rural development, education funding support, disaster relief, working capital support, mosque construction and funeral assistance, financial assistance for low-income teachers, facilities and infrastructure assistance for Muhammadiyah members and else. The average amount of social funds spent each year is around five to ten percent of total profits, excluding the contributions to the members’ (Muhammadiyah) care services and health insurance (BPJS). Furthermore, since 2014 the ratio of patients receiving free medical care was predicted around forty to fifty percent out of the total services. Even starting in 2016, the average social services close to sixty to seventy percent and has continued to increase over the years. It proves that the benefit provided by Muhammadiyah’s hospitals and clinics to the waqf beneficiaries is quite high.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
13 January 2022
ISBN
10.2991/aebmr.k.211225.015
ISSN
2352-5428
DOI
10.2991/aebmr.k.211225.015How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Yuli Utami
AU  - Ega Wiguna
AU  - Tjiptohadi Sawarjuwono
AU  - Abu Azam Al Hadi
PY  - 2022
DA  - 2022/01/13
TI  - Social Profit Density of Health-Care Waqf
BT  - Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)
PB  - Atlantis Press
SP  - 92
EP  - 98
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211225.015
DO  - 10.2991/aebmr.k.211225.015
ID  - Utami2022
ER  -