Developing Regional Healthcare Facilities in Maldives through Mudharabah Perpetual Sukuk

Badeeu, Fathimath Nashwa; Nafiz, Aminath Reesha; Muneeza, Aishath

doi:10.18646/2056.62.19-006

Cited by 8 publications

(5 citation statements)

References 7 publications

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“…This aligns well with the ethical values of Islamic finance. These projects address important areas like healthcare, education, infrastructure, and affordable housing (Alkosry, 2023;Badeeu et al, 2019). Sukuk was successfull to financing the social projects (Islam et al, 2023).…”

Section: Resultsmentioning

confidence: 99%

Cracking the Code to Anticipating Post-Sdgs 2030: Islamic Finance Perspective

Yusuf,

Maryam

2024

RGSA

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Background: Islamic finance’s focus on social inclusion and development makes it ideal for achieving the 2030 agenda. The purpose of this study is to explore how Islamic finance, specifically Sukuk (Islamic Bond), anticipates post-SDGs 2030 in its own way. The systematic literature review is employed in this study to discover, assess, and analyze every relevant piece of research that has been published yet in order to provide answers to the research questions. We selected articles from the Scopus and Google Scholar databases that met standard eligibility criteria. To analyze the data, researchers used Covidence as a tool to accelerate this systematic review. Our analysis revealed that, to anticipate post-SDGs, Sukuk as one of the Islamic finance products contributes to increased economic and business activity that has an impact on climate change, reducing extreme poverty and inequality. In addition, Islamic finance is also capable of ensuring financial and social stability as well as promoting better and equal human development. The Shariah principles inherent in it have an important contribution to sustainable and equitable development. Thus, development is expected to be more inclusive and sustainable like SDGs’ ambition of “no one left behind”. Objective: To explore how Islamic finance, specifically Sukuk, anticipates post-SDGs 2030 in its own way. Method: This research uses qualitative methods. The systematic literature review is employed in this study to discover, assess, and analyze every relevant piece of research that has been published yet in order to provide answers to the research questions. Results and Discussion: The results revealed that, to anticipate post-SDGs, Sukuk as one of the Islamic finance products contributes to increased economic and business activity that has an impact on climate change, reducing extreme poverty and inequality. Research Implications: The implication of this research is as follows: Islamic finance is capable of ensuring financial and social stability as well as promoting better and equal human development. The Shariah principles inherent in it make an important contribution to sustainable and equitable development. Thus, development is expected to be more inclusive and sustainable, in line with the SDGs’.

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Section: Resultsmentioning

confidence: 99%

Cracking the Code to Anticipating Post-Sdgs 2030: Islamic Finance Perspective

Yusuf,

Maryam

2024

RGSA

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“…Access to oral health care was generally poor in all the countries, including those with significant dental manpower. [15][16][17][18][19][20][21][22][23][24][25][26][27][28][29] Among the SEARO countries, Bhutan, India, Indonesia, Nepal, Sri Lanka, Thailand, Timor Leste, and Maldives have included 'Routine and preventive oral healthcare' and 'Essential curative oral healthcare' in their package of dental care services, forming the core of what should be made available to all citizens through public funds. However, India and Myanmar did not offer 'Advanced Curative Dental/Oral Care' as part of their essential package.…”

Section: Oral Health Interventions As Part Of Health Benefit Packagesmentioning

confidence: 99%

Assessing the status of oral health integration in South East Asian Regional Office countries' Universal Health Coverage–A scoping review

Acharya,

Mathur,

Tadakamadla

et al. 2024

Health Planning & Management

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BackgroundOral diseases affect close to 3.5 billion people worldwide and there has been a call by the World Health Organization (WHO) to integrate oral health into the Universal Health Coverage (UHC) agenda.ObjectivesTo collate and synthesise information regarding the status of integration of oral health into the health systems covered by UHC across the 11 countries in the South East Asian Regional Office.MethodsDrawing on the framework of the six building blocks of health systems as devised by WHO, we compared the public dental care coverage models, with a focus on outpatient dental care in these countries. We gathered this information from publicly available resources, databases and peer‐reviewed publications to populate the template guided by the WHO Health System Building Blocks.ResultsWe found a poor access to oral health care, lopsided distribution of manpower, rickety health information systems, and private sector domination and inadequate or absent financing mechanisms for outpatient procedures. The private sector was dominant in all countries except Thailand and Srilanka. Financing was absent in most countries and deficient in Thailand and Indonesia. Dental workforce was deficient in most countries except India, Srilanka, and Thailand. Health information systems were weak with no dental items under price control. Better UHC indicators did not guarantee a lower oral disease burden.ConclusionsOur review highlighted the close connection between service quality and human resources, governance, and finance. There is a need to establish standardised dental treatment guidelines that are uniformly adopted across countries, integrate oral health into national health and development programs, push for functional oral health research through collecting robust surveillance, economic, and social impact data and the development of cost‐effective strategies tailored to each country's unique needs.

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“…The first SRI Sukuk, vaccine sukuk, aimed to finance child immunisation in some of the poorest countries of the world. The issuance of vaccine sukuk was warmly received by the investors (Badeeu et al, 2019). More notably, the second issuance of vaccine sukuk was oversubscribed by 1.6 times and the success of the vaccine sukuk also indicated that investing in good causes provides both economic and social returns (Bennett, 2015).…”

Section: Sustainable and Responsible Investment Sukukmentioning

confidence: 99%

“…Returns and cash flows related to a sukuk must be backed by tangible assets because the fundamental of Islamic economics is to engage in real business, not debt obligation. Scholars proposed that sukuk could be used for many different purposes, for example, funding waqf development (Shukri et al, 2019), financing healthcare (Badeeu et al, 2019), or supporting humanitarian projects (Mohsin, 2019). This paper reviews innovations in sukuk over the past few years and the current practices of Securities Commission Malaysia (SCM) in coping with innovations in sukuk.…”

Section: Introductionmentioning

confidence: 99%

Innovations in Sukuk in the Global Finance Market: Reviewing Key Considerations

Zain¹,

Abideen²,

Ali³

2019

IJMAR

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Sukuk is one of the fast-growing financial areas in Islamic finance. This paper reviews innovative sukuk instruments in the global financial market in addition to looking at key considerations in facilitating innovative sukuk structures. Using secondary data collected from official reports and peer-reviewed journal articles the authors analysed five types of innovative sukuk structures offered in the market over the past decade. This paper also looks into the enabling role of Securities Commission Malaysia in promoting Malaysia as the top issuer of sukuk. The data analysed shows that sukuk issuers in Malaysia would benefit from high levels of government support through policy and incentives.

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Developing Regional Healthcare Facilities in Maldives through Mudharabah Perpetual Sukuk

Cited by 8 publications

References 7 publications

Cracking the Code to Anticipating Post-Sdgs 2030: Islamic Finance Perspective

Cracking the Code to Anticipating Post-Sdgs 2030: Islamic Finance Perspective

Assessing the status of oral health integration in South East Asian Regional Office countries' Universal Health Coverage–A scoping review

Innovations in Sukuk in the Global Finance Market: Reviewing Key Considerations

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