How Zakat Affects Economic Growth In Three Islamic Countries

Ashfahany, Afief El; Hidayah, Awalul Dini Nur; Hakim, Lukmanul; Noh, Mohd Shahid Bin Mohd

doi:10.23917/jisel.v6i1.21242

Cited by 7 publications

(2 citation statements)

References 17 publications

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“…Poverty is a significant population problem in many countries (Mustika et al 2019). As a centralized system, Zakat can alleviate poverty (Suryani and Fitriani 2022;Ashfahany et al 2023). The successful management of Zakat in several countries, such as Malaysia, Saudi Arabia, Brunei, and Bangladesh, has become a source of poverty alleviation to reduce the poverty rate to zero (Ansoriyah et al 2020).…”

Section: Introductionmentioning

confidence: 99%

Systematic literature review on Malaysia Zakat studies (2011-2023)

Alam,

Ratnasari,

Ryandono

et al. 2023

Multidiscip. Rev.

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The publication of literature on Zakat Malaysia has significantly grown over the years. This study aimed to systematically review and map the literature on publications related to Malaysian Zakat. The study used the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) system in the screening process of articles that were the subject of the study. Of the 447 zakat research articles indexed in the Scopus database, 51 were selected, making Malaysian zakat publications the primary study material. The results of this study revealed the development of studies on Malaysian Zakat based on the number of publications, authors, countries, subject areas, publication sources, and articles cited. This study succeeded in finding three main segments used by researchers to classify Malaysian zakat studies: Distribution, institutional management, and collection. The survey of zakat distribution examined the success obtained from a distribution with a practical and comprehensive process; the study of zakat institutions focused on improving the quality of institutional services and strategies that influenced the preferences and satisfaction of Muslims in paying Zakat. In contrast, the study of zakat collection in Malaysia emphasized that the digitalization system of zakat collection has great potential to achieve more efficient zakat goals. This study examined several new research development directions from the three segments. It is expected to be a reference for zakat researchers in Malaysia to conduct further research and development of zakat management in Malaysia.

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Section: Introductionmentioning

confidence: 99%

Systematic literature review on Malaysia Zakat studies (2011-2023)

Alam,

Ratnasari,

Ryandono

et al. 2023

Multidiscip. Rev.

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“…Economic growth in 2010-2019 showed unsatisfactory results and decreased due to unresolved inequality and poverty. Economic growth is a long-term problem and an essential point for the government to analyze what policies will be carried out to reduce this and carry out equitable development [2].…”

Section: Introductionmentioning

confidence: 99%

The Urgency and Revitalization of the Development of the Economic System in Indonesia Through the Management of the Scientific Approach of Fiqh Pesantren

Rusli,

Khullatil Mardliyah

2023

profetika

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Economics has become an essential science for the resilience of a country and has become an endless discussion. The Prophet exemplified economic activity before the prophetic era, and economic studies emerged in fiqh learning which was divided into muamalah fiqh. Muamalah fiqh studies can be found in Islamic boarding schools, but the snag is part of the final chapter in one book study, so the depth of the material still needs to be improved. The main objective of this research is to explain the urgency and revitalization of Islamic boarding school fiqh as the basis for economic activity in Indonesia so that the Indonesian economy can survive and be sustainable. This research is qualitative descriptive research with a data source in the form of a document review. Data analysis techniques use Creswell's theory: of organizing, transcribing, and analyzing data. The results show that pesantren, with all the potential they have, can revitalize Islamic boarding schools with economics using the scientific approach to jurisprudence that has been studied. This revitalization is essential to be carried out comprehensively following current economic developments while still using the sources of the Qur'an and Hadith.

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Factors Influencing Economic Growth in OIC Countries: A Panel Data Approach

Syaifullah,

Heriangrum,

Damirah

et al. 2024

AJIM

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Economic growth plays a crucial role in determining the success of a country's development, with each nation setting stable economic growth targets within its development agenda. The process of economic growth is influenced by various factors that can either drive or hinder the pace of growth. This study aims to analyze the impact of zakah growth, the scientific and technical journal articles, population, and unemployment rates on the economic growth of 10 member countries of the Organization of Islamic Cooperation (OIC) for the period 2002-2022 using a quantitative approach with a random effects panel data regression analysis technique and EViews 12 application for data management. As per the research findings, the variables of zakah and scientific and technical journal articles have a positive and significant relationship with economic growth. The population and unemployment rate have a negative and significant. Therefore, it is recommended that governments should improve efficiency in the management of zakah, allocate more budget for education and research, and formulate policies to promote innovation and collaboration between related sectors. It assists in achieving more awareness of zakah and participation in monitoring the utilization of zakah funds for society. The studies would help to see what variables affect economic growth.

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How Zakat Affects Economic Growth In Three Islamic Countries

Cited by 7 publications

References 17 publications

Systematic literature review on Malaysia Zakat studies (2011-2023)

Systematic literature review on Malaysia Zakat studies (2011-2023)

The Urgency and Revitalization of the Development of the Economic System in Indonesia Through the Management of the Scientific Approach of Fiqh Pesantren

Factors Influencing Economic Growth in OIC Countries: A Panel Data Approach

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