“…In the empirical level, the use of waqf land in hospital development activities through the BOT model in addition to having benefits is also inseparable from the risk, namely the potential loss due to unexpected events which can cause adverse effects (Karsaman et al, 2015), among them, are a) Legal Risk, namely the possibility of unenforceable or inoperability of contracts either in whole or in part made by the parties; b) Economic Risk, namely the calculation of the project based on incorrect assumptions and bias towards project implementation costs, market conditions, or sudden currency movements so that the situation is very difficult for investors to continue implementing the BOT agreement (Yasa, Dharma, and Sudipta, 2013); c) Force majeure or overmacht, for example, the occurrence of unexpected conditions for BOT objects, such as fire, natural disasters, war, riots that are directly related to or affect the implementation of the BOT agreement so that the BOT agreement is impossible to continue; d) Market and Income Factors, namely loss of income caused by insufficient direct income from the project and lack of income from other sources related to the project (Kamilah, 2012).…”