Zakat expenditure and economic growth in the Federal Territory of Malaysia

Zakat expenditure and economic growth in the Federal Territory of Malaysia

This research paper aims to examine the impact of zakat distribution on growth in the Federal Territory Malaysia. Specifically, an econometric study is carried out to examine the ability of zakat expenditure to affect real economic growth in the Federal Territory Malaysia by employing various econom...

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Main Authors: Yusoff, Mohammed, Densumite, Sorfina
Format: Conference or Workshop Item
Language:English
Published: 2012
Subjects:
HJ7451 Expenditures. Government spending
Online Access:http://irep.iium.edu.my/28225/
http://irep.iium.edu.my/28225/1/zakat_expenditure.pdf
id iium-28225
recordtype eprints
spelling iium-282252013-04-04T02:01:24Z http://irep.iium.edu.my/28225/ Zakat expenditure and economic growth in the Federal Territory of Malaysia Yusoff, Mohammed Densumite, Sorfina HJ7451 Expenditures. Government spending This research paper aims to examine the impact of zakat distribution on growth in the Federal Territory Malaysia. Specifically, an econometric study is carried out to examine the ability of zakat expenditure to affect real economic growth in the Federal Territory Malaysia by employing various econometric procedures such as the unit root tests, the cointegration tests, the vector error-correction model (VECM), and the Granger causality tests. The findings of the study suggest that zakat expenditure has a positive relationship with real GDP in the long-run. The Granger causality test indicates that zakat spending causes real economic growth with no feedback. In other words, zakat expenditure could boost GDP in the Federal Territory Malaysia both in the short-run and long-run. 2012-12-19 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/28225/1/zakat_expenditure.pdf Yusoff, Mohammed and Densumite, Sorfina (2012) Zakat expenditure and economic growth in the Federal Territory of Malaysia. In: The 5th International Borneo Business Conference (IBBC) 2012 , 19-21 Decenber 2012, Tawau, Sabah.
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
Densumite, Sorfina
Zakat expenditure and economic growth in the Federal Territory of Malaysia
description This research paper aims to examine the impact of zakat distribution on growth in the Federal Territory Malaysia. Specifically, an econometric study is carried out to examine the ability of zakat expenditure to affect real economic growth in the Federal Territory Malaysia by employing various econometric procedures such as the unit root tests, the cointegration tests, the vector error-correction model (VECM), and the Granger causality tests. The findings of the study suggest that zakat expenditure has a positive relationship with real GDP in the long-run. The Granger causality test indicates that zakat spending causes real economic growth with no feedback. In other words, zakat expenditure could boost GDP in the Federal Territory Malaysia both in the short-run and long-run.
format Conference or Workshop Item
author Yusoff, Mohammed
Densumite, Sorfina
author_facet Yusoff, Mohammed
Densumite, Sorfina
author_sort Yusoff, Mohammed
title Zakat expenditure and economic growth in the Federal Territory of Malaysia
title_short Zakat expenditure and economic growth in the Federal Territory of Malaysia
title_full Zakat expenditure and economic growth in the Federal Territory of Malaysia
title_fullStr Zakat expenditure and economic growth in the Federal Territory of Malaysia
title_full_unstemmed Zakat expenditure and economic growth in the Federal Territory of Malaysia
title_sort zakat expenditure and economic growth in the federal territory of malaysia
publishDate 2012
url http://irep.iium.edu.my/28225/
http://irep.iium.edu.my/28225/1/zakat_expenditure.pdf
first_indexed 2023-09-18T20:41:43Z
last_indexed 2023-09-18T20:41:43Z
_version_ 1777409409372127232

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