Zakat and SDGs: Impact zakat on human development in the five states of Malaysia

Suprayitno, Eko ORCID: https://orcid.org/0000-0002-5289-3918, Aslam, Mohamed and Harun, Azhar (2017) Zakat and SDGs: Impact zakat on human development in the five states of Malaysia. International Journal of Zakat (IJAZ), 2 (1). pp. 61-69. ISSN 2541-1411

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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.

Item Type:	Journal Article
Keywords:	zakat; human development; Granger causality test
Subjects:	14 ECONOMICS > 1499 Other Economics > 149999 Economics not elsewhere classified
Divisions:	Faculty of Economics > Department of Islamic Banking
Depositing User:	Eko Suprayitno
Date Deposited:	02 Jul 2024 14:38

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