Zakat expenditure, school enrollment, and economic growth in Malaysia

The main objective of this study is to determine the impact of zakat spending and school enrollment on economic growth using panel data represented by the fourteen states of Malaysia. Zakat is collected and disbursed to the eight groups of eligible recipients by each state in Malaysia. Malaysia also...

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Main Author:	Yusoff, Mohammed
Format:	Article
Language:	English
Published:	Center for Promoting Ideas (CPI) 2011
Subjects:	HJ7451 Expenditures. Government spending
Online Access:	http://irep.iium.edu.my/1729/ http://irep.iium.edu.my/1729/ http://irep.iium.edu.my/1729/1/Zakat_Expenditure%2C_School_Enrollment%2C_and_Economic_Growth_in_Malaysia.pdf

id	iium-1729
recordtype	eprints
spelling	iium-17292012-01-07T03:05:23Z http://irep.iium.edu.my/1729/ Zakat expenditure, school enrollment, and economic growth in Malaysia Yusoff, Mohammed HJ7451 Expenditures. Government spending The main objective of this study is to determine the impact of zakat spending and school enrollment on economic growth using panel data represented by the fourteen states of Malaysia. Zakat is collected and disbursed to the eight groups of eligible recipients by each state in Malaysia. Malaysia also has been one of the developing countries that has given a special attention on education to provide the man-power and skills needed by the various sectors of the economy. As a result, there has been a large increase in the enrollment of students in both primary and secondary schools as well as in tertiary education. The results of this study support the hypothesis that zakat spending and school enrollment are important determinants of economic growth in Malaysia. The zakat spending and student enrollment could significantly explain the variation in the growth of real output represented by the growth in real GDP. Therefore, it is suggested that all Muslim countries must improve the efficiency of zakat collection and spend it prudently. A more serious effort has to be made to formulate better strategies, planning, and effective policy actions to provide the needed infrastructure and to increase the stock of human capital in accordance to the need of the nations to generate growth and sustain the development of Muslim society. Keywords: zakat, school enrollment, growth, panel data, Malaysia Center for Promoting Ideas (CPI) 2011-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/1729/1/Zakat_Expenditure%2C_School_Enrollment%2C_and_Economic_Growth_in_Malaysia.pdf Yusoff, Mohammed (2011) Zakat expenditure, school enrollment, and economic growth in Malaysia. International Journal of Business and Social Science, 2 (6). pp. 175-181. ISSN 2219-6021 (O), 2219-1933 (P) http://www.ijbssnet.com/archive/277.html
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HJ7451 Expenditures. Government spending
spellingShingle	HJ7451 Expenditures. Government spending Yusoff, Mohammed Zakat expenditure, school enrollment, and economic growth in Malaysia
description	The main objective of this study is to determine the impact of zakat spending and school enrollment on economic growth using panel data represented by the fourteen states of Malaysia. Zakat is collected and disbursed to the eight groups of eligible recipients by each state in Malaysia. Malaysia also has been one of the developing countries that has given a special attention on education to provide the man-power and skills needed by the various sectors of the economy. As a result, there has been a large increase in the enrollment of students in both primary and secondary schools as well as in tertiary education. The results of this study support the hypothesis that zakat spending and school enrollment are important determinants of economic growth in Malaysia. The zakat spending and student enrollment could significantly explain the variation in the growth of real output represented by the growth in real GDP. Therefore, it is suggested that all Muslim countries must improve the efficiency of zakat collection and spend it prudently. A more serious effort has to be made to formulate better strategies, planning, and effective policy actions to provide the needed infrastructure and to increase the stock of human capital in accordance to the need of the nations to generate growth and sustain the development of Muslim society. Keywords: zakat, school enrollment, growth, panel data, Malaysia
format	Article
author	Yusoff, Mohammed
author_facet	Yusoff, Mohammed
author_sort	Yusoff, Mohammed
title	Zakat expenditure, school enrollment, and economic growth in Malaysia
title_short	Zakat expenditure, school enrollment, and economic growth in Malaysia
title_full	Zakat expenditure, school enrollment, and economic growth in Malaysia
title_fullStr	Zakat expenditure, school enrollment, and economic growth in Malaysia
title_full_unstemmed	Zakat expenditure, school enrollment, and economic growth in Malaysia
title_sort	zakat expenditure, school enrollment, and economic growth in malaysia
publisher	Center for Promoting Ideas (CPI)
publishDate	2011
url	http://irep.iium.edu.my/1729/ http://irep.iium.edu.my/1729/ http://irep.iium.edu.my/1729/1/Zakat_Expenditure%2C_School_Enrollment%2C_and_Economic_Growth_in_Malaysia.pdf
first_indexed	2023-09-18T20:09:11Z
last_indexed	2023-09-18T20:09:11Z
_version_	1777407362995322880

Zakat expenditure, school enrollment, and economic growth in Malaysia

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