Zakat and SDGs: Impact Zakat on Human Development in the Five States of Malaysia International Journal of Zakat | ISSN: 2541 1411 | Vol. 2 (1) 2017
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May 19, 2017
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Abstract
Zakat is intended to stimulate economic development, education, social, human resources empowerment, religion health, and insurance programs. The seven programs above are implemented by the Malaysian government to improve economic growth. The aim of the study is to examine the impact zakat on human development program in Malaysia using the Autoregressive Distributed Lag (ARDL) bound testing approach. The analysis was carried out for the period from 1980–2009. The finding of the research reveals that zakat has a positive and significant influence on human development in five state in the short and long run. Zakat in Malaysia can be used as tool of fiscal policy that is decided in the states of Malaysia to stimulate human development and economic growth in the long run.
Keyword: Zakat, Human Development, Granger causality test
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Suprayitno, E., Aslam, M., & Harun, A. (2017, May 19). Zakat and SDGs: Impact Zakat on Human Development in the Five States of Malaysia. International Journal of Zakat, 2(1), 61-69. https://doi.org/https://doi.org/10.37706/ijaz.v2i1.15
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References
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http://www.kep.org.sa/en/SideMenuContent_en.aspx?MenuID=97&MenuTitle=Education%20in%20Islam
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Yusoff, M. B. (2011). Zakat Expenditure, School Enrollment and Economic Growth in Malaysia.International Journal of Business and Social Science, 2(6), 175 – 181.
Yusoff, M. B. (2010). An Analysis of Zakat Expenditure and the Real Output: Theory and Empirical Evidence. IIUM Journal of Economic and Management, vol 18(2),139 – 160, Kuala Lumpur.
Yusoff, M. B. (2011). Zakat Expenditure, School Enrollment and Economic Growth in Malaysia.International Journal of Business and Social Science, 2(6), 175 – 181.
Choudhury, M. A and Malik, U.A (1992).The Foundations of Islamic Political Economy.The MacMillan Press Ltd. London.
Dickey, D. & Fuller, W. A. (1981).Likelihood Ratio Statistic for Autoregressive Time Series with a Unit Root.Econometrica,49, 1057–1072. http://dx.doi.org/10.2307/1912517.
Phillips, P. C. B. &Perron, P. (1988).Testing for a Unit Root in Time Series regression.Biometrical, 75, 335–446.http://dx.doi.org/10.1093/biomet/75.2.335
Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error Correction: Representation, estimation and testing. Econometrica, 55: 251–276.http://dx.doi.org/10.2307/1913236
Granger, C. W. J. (1969).Investigating Causal relationship by econometric models and cross-spectral methods.Econometrica July: 424–438.http://dx.doi.org/10.2307/1912791; s
Hassan, M. K. (2010). An Integrated Poverty Alleviation Model Combining Zakat, Awqaf, and Micro-Finance.Seven International Conferences–The TawhidiEpistemology Zakat and Waqaf Economy, Bangladesh.
http://www.kep.org.sa/en/SideMenuContent_en.aspx?MenuID=97&MenuTitle=Education%20in%20Islam
Ibrahim, Patmawati. Hj. (2007).PerananAgihan Zakat dalamMeningkatkanTahapEkonomiUmmah, KertaskerjadibentangkandalamKonvensyen Zakat danCukaiPeringkatKebangsaan 2007 di PWTC, Kuala Lumpur.
Pesaran, H. M., Shin, Y., & Smith, R. J. (2001).Bound Testing Approach to the Analysis of Level Relationship. Journal of Applied Econometrics, 16, 289 – 326.http://dx.doi.org/10.1002/jae.616
Pesaran, H. M., & Shin, Y. (1999). Autoregressive Distributed Lag Modeling Approach to Co integration Analysis, Chapter 11, in: Storm, S., (Ed). Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium (Cambridge: Cambridge University Press).http://dx.doi.org/10.1017/CCOL521633230.011
Pesaran, H. M., & Shin, Y. (1999). Autoregressive Distributed Lag Modeling Approach to Co integration Analysis, Chapter 11, in: Storm, S., (Ed). Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium. (Cambridge: Cambridge University Press).http://dx.doi.org/10.1017/CCOL521633230.011
Sabiq, as-Syaid. 1973. Fiqh as-sunnah. 2jilid. "Zakat" dijilid I. Beirut: Dar al-Kitab al-'Arabi.
Salama, A. A. (1995). Empirical Economics Effect of Obligatory and non-Obligatory Payment of Zakah to the State.In El-Ashker and SirajulHaq (Ed.).Institutional Framework of Zakah: Dimensions and Implications.Islamic Research and Training Institute, Islamic Development Bank.Jeddah.
Salleh, I, M.,&Rogayah, N. (1980). "Distribution of the Zakah Burden on Padi Producers in Malaysia, in M. Raquibuzzaman (ed.), Some Aspects of the Economics of Zakah, AMSS, Indiana, pp. 81-153.
Shalih, Subhi as-. 1965. Al-Nuzhum al-Islamiyah: NasyatuhawaTathawwuruha. Beirut: Dar al-'Ilmi li-'l-malayin.
Suprayitno, E., Radiah A. K.,&AzharH. (2013). The Impact of Zakat on Aggregate Consumption in Malaysia. Journal of Islamic Economics, Banking and Finance, Vol. 9 No. 1, Jan - Mar 2013. IBTRA, Bangladesh. pp, 39–62.
Yusoff, M. B. (2011). Zakat Expenditure, School Enrollment and Economic Growth in Malaysia.International Journal of Business and Social Science, 2(6), 175 – 181.
Yusoff, M. B. (2010). An Analysis of Zakat Expenditure and the Real Output: Theory and Empirical Evidence. IIUM Journal of Economic and Management, vol 18(2),139 – 160, Kuala Lumpur.
Yusoff, M. B. (2011). Zakat Expenditure, School Enrollment and Economic Growth in Malaysia.International Journal of Business and Social Science, 2(6), 175 – 181.