Zakat distribution, education, and real income per capita in Malaysia

This paper is multidisciplinary in nature concerning with social, economic, and religious variables. The main objective is to determine the impact of zakat distribution and education levels on real income per capita using panel data of the fourteen states of Malaysia. The results of the estimated fi...

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Main Author:	Yusoff, Mohammed
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	HJ7451 Expenditures. Government spending
Online Access:	http://irep.iium.edu.my/39418/ http://irep.iium.edu.my/39418/3/Manila_ISIS_Conference_2014_Full_Paper_Presented.pdf http://irep.iium.edu.my/39418/4/ISIS_CONFERENCE_MANILA_2014_Attendance_Certificate.pdf

id	iium-39418
recordtype	eprints
spelling	iium-394182018-06-11T01:26:53Z http://irep.iium.edu.my/39418/ Zakat distribution, education, and real income per capita in Malaysia Yusoff, Mohammed HJ7451 Expenditures. Government spending This paper is multidisciplinary in nature concerning with social, economic, and religious variables. The main objective is to determine the impact of zakat distribution and education levels on real income per capita using panel data of the fourteen states of Malaysia. The results of the estimated fixed effect model are quite satisfactory in terms of correct signs, significant of variables and goodness of fit. All the independent variables are significant at 1% level supporting the hypothesis that zakat expenditure or distribution, primary and secondary school education are important determinants of real income per capita in Malaysia. The results also indicate that secondary school enrolment has the highest impact on real income per capita, followed by primary school enrolment, and zakat spending. As policy implications, it is suggested that Muslim nations must improve the efficiency of zakat collection and spend it prudently as laid out in the al-Qur’an and Hadith. Policymakers should also make serious effort to construct better strategies, planning, and effective policy actions to provide conducive environment and infrastructure for the development in education to increase the stock of human capital in accordance to the need of the nations. These should help increase the real income per capita and improve the standard of living of Muslim community. 2014-11-06 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/39418/3/Manila_ISIS_Conference_2014_Full_Paper_Presented.pdf application/pdf en http://irep.iium.edu.my/39418/4/ISIS_CONFERENCE_MANILA_2014_Attendance_Certificate.pdf Yusoff, Mohammed (2014) Zakat distribution, education, and real income per capita in Malaysia. In: 2014 International Multidisciplinary Academic Conference , Manila, 5-7 November 2014, Manila, Philippine . (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HJ7451 Expenditures. Government spending
spellingShingle	HJ7451 Expenditures. Government spending Yusoff, Mohammed Zakat distribution, education, and real income per capita in Malaysia
description	This paper is multidisciplinary in nature concerning with social, economic, and religious variables. The main objective is to determine the impact of zakat distribution and education levels on real income per capita using panel data of the fourteen states of Malaysia. The results of the estimated fixed effect model are quite satisfactory in terms of correct signs, significant of variables and goodness of fit. All the independent variables are significant at 1% level supporting the hypothesis that zakat expenditure or distribution, primary and secondary school education are important determinants of real income per capita in Malaysia. The results also indicate that secondary school enrolment has the highest impact on real income per capita, followed by primary school enrolment, and zakat spending. As policy implications, it is suggested that Muslim nations must improve the efficiency of zakat collection and spend it prudently as laid out in the al-Qur’an and Hadith. Policymakers should also make serious effort to construct better strategies, planning, and effective policy actions to provide conducive environment and infrastructure for the development in education to increase the stock of human capital in accordance to the need of the nations. These should help increase the real income per capita and improve the standard of living of Muslim community.
format	Conference or Workshop Item
author	Yusoff, Mohammed
author_facet	Yusoff, Mohammed
author_sort	Yusoff, Mohammed
title	Zakat distribution, education, and real income per capita in Malaysia
title_short	Zakat distribution, education, and real income per capita in Malaysia
title_full	Zakat distribution, education, and real income per capita in Malaysia
title_fullStr	Zakat distribution, education, and real income per capita in Malaysia
title_full_unstemmed	Zakat distribution, education, and real income per capita in Malaysia
title_sort	zakat distribution, education, and real income per capita in malaysia
publishDate	2014
url	http://irep.iium.edu.my/39418/ http://irep.iium.edu.my/39418/3/Manila_ISIS_Conference_2014_Full_Paper_Presented.pdf http://irep.iium.edu.my/39418/4/ISIS_CONFERENCE_MANILA_2014_Attendance_Certificate.pdf
first_indexed	2023-09-18T20:56:38Z
last_indexed	2023-09-18T20:56:38Z
_version_	1777410348331040768

Zakat distribution, education, and real income per capita in Malaysia

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