Investigation on zakat as an indicator for Moslem countries' economic growth

Mahat, Nor Idayu; Warokka, Ari

doi:10.1504/jgba.2013.053478

Cited by 18 publications

(16 citation statements)

References 10 publications

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“…Given such condition, zakat payment will foster an inclusive economic growth which does not only cause the economy to grow but also reduce the unemployment, poverty, gap and does not harm the environment. Mahat & Warokka (2013) states that Muslim countries' governments should seriously pay attention to optimize the usage of zakat as the source of investment funds for economic growth and development, which is mostly believed that zakat gives a more socioeconomic justice and equitable distribution of wealth. Accordance to Yusoff (2011), zakat has a positive effect on the economic growth in Malaysia while accordance to Azam et al (2014) zakat can increase prosperity a household and contribute to economic growth in Pakistan.…”

Section: Literature Reviewsmentioning

confidence: 99%

The Influence of Zakat on Economic Growth and Welfare Society in Indonesia

Khasandy

Badrudin

2019

integr. j. of. bus. and. econ.

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Indonesia as a one of the most significant Muslim population in the world has developed zakat rapidly; it is shown by the development of the zakat regulation and establishes of Badan Amil Zakat Nasional (BAZNAS). Zakat has many benefit for economic both of macro and micro aspect, such as foster inclusive economic growth. The objective of this study are 1) to examine the influence of zakat on economic growth and welfare society which uses 3 (three) indicators i.e.HDI, Percentage of Poor People, and GINI Index and 2) to investigate whether items of Theory Planned Behavior influence of zakat payment. The researcher used Structural Equation Model (SEM) with PLS software. The result showed that zakat in Indonesia does not influence economic growth and welfare society. Besides that, welfare society Indonesia as a developing country has a negative value to HDI and GINI index but has a positive value to Percentage of Poor People.

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Section: Literature Reviewsmentioning

confidence: 99%

The Influence of Zakat on Economic Growth and Welfare Society in Indonesia

Khasandy

Badrudin

2019

integr. j. of. bus. and. econ.

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“…Mahat and Warokka (2013) examine the possibility of zakat as an alternative source of the economic growth. Considering a panel macroeconomic data of 19 Muslim countries for the period of 2004–2010, they find strong and significant Pearson correlation values of about 0.809 between zakat and GDP.…”

Section: Zakat and Economic Growthmentioning

confidence: 99%

Effects of zakat on the economic growth in selected Islamic countries: empirical evidence

Jedidia

Guerbouj²

2020

IJDI

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Purpose This study aims to examine the impact of zakat on the economic growth for a sample of Muslim countries. As a matter of fact, Zakat is a religious tax on wealth paid annually to specified recipients. As it leads to income redistribution and increases the aggregate demand, zakat can be a growth factor in the Islamic framework. Design/methodology/approach This paper is based on a dynamic panel data model for the purpose of investigating the role of zakat in the economic growth for a sample of eight Muslim countries during the period ranging from 2004 to 2017. The general method of moments is applied. Findings The findings provide evidence that zakat stimulates the country’s growth. Indeed, as zakat funds are directed to increase consumption, investment or government expenditure, they spur on the economic growth. Moreover, the authors come to the conclusion that more trade openness allows an increase in the real gross domestic product (GDP) per capita. However, the broad money to GDP and population growth rate seem insignificantly associated with the economic growth for the sample considered. Practical implications The findings have substantial implications for the economic policy in Muslim countries. Authorities may further rely on zakat to boost the economic growth. First, it is essential to improve the muzakki’s knowledge on zakat to increase their intention, and so their ability and willingness to pay zakat. Second, the government intervention in both zakat collect and distribution becomes mandatory. Therefore, the contribution of zakat to the economic growth will be higher. This requires better-quality services of zakat institutions. Originality/value A few studies have empirically looked into the impact of zakat on the economic growth, especially for panel data. Hence, the present study tries to enrich the literature on this topic. It creates significant evidence regarding the relevance of zakat in Muslim countries. The findings provide empirical support that zakat is an additional growth factor in the Islamic framework.

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“…Penyajian data dilakukan dengan menyusun data berupa teks narasi dan bagan sedemikan rupa, sehingga memudahkan untuk menarik sebuah kesimpulan. (Sula, Alim, & Zuhdi, 2010;Ahmad, Othman, & Salleh, 2015;Mahat & Warokka, 2013).…”

Section: Metodeunclassified

“…Jika belum memenuhi kriteria dari haul atau nisab, maka tidak dapat disebut zakat tetapi hanya berupa sedekah. Bahkan, beberapa peneliti (Herda & Bowlin, 2013;Reza & Tendean, 2012;Mustofa, Mohamad, & Adnan, 2013;Naz'aina, 2015;Mahat & Warokka, 2013;Triyuwono, 2009) menemukan bahwa terdapat transformasi dari pencapaian laba bersih (yang maksimal) ke pencapaian zakat. Hal ini disebabkan karena yang menjadi tujuan adalah zakat maka segala bentuk operasi perusahaan harus tunduk pada aturan main yang ditetapkan dalam syariat.…”

Section: Metodeunclassified

Model Pengelolaan Zakat Perusahaan

Rahim

Sahrullah

2017

jamal

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Abstrak Penelitian ini bertujuan mengungkap pengelolaan zakat perusahaan pada Bosowa Group Financial Service Makassar. Metode yang digunakan adalah deskripsi kualitatif dengan pendekatan studi kasus. Informan meliputi perusahaan asuransi dan multifinance. Hasil penelitian menunjukkan bahwa perhitungan zakat pada Bosowa Group dilakukan ketika jumlah laba perusahaan memenuhi nisab yang dihitung berdasarkan ketentuan 2,5%. Ketika perusahaan tidak mendapatkan laba, maka pengeluaran kegiatan amal diakui sebagai sedekah. Bosowa Group mengikuti model perhitungan dan pengelolaan zakat dari Syarikat Tafakul Malaysia Sdn Berhand.

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Investigation on zakat as an indicator for Moslem countries' economic growth

Cited by 18 publications

References 10 publications

The Influence of Zakat on Economic Growth and Welfare Society in Indonesia

The Influence of Zakat on Economic Growth and Welfare Society in Indonesia

Effects of zakat on the economic growth in selected Islamic countries: empirical evidence

Model Pengelolaan Zakat Perusahaan

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