Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach

Poverty alleviation has always been one of the top agendas in any country, including Malaysia. This is evidenced from the spending of the government for the purpose of uplifting the income of the poor. The objective of this paper is therefore to explore alternative tool in eradicating poverty, spe...

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Main Authors:	Shahida Shahimi, Mohd Umar Mohd Marzuki, Zaini Embong
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2013
Online Access:	http://journalarticle.ukm.my/8128/ http://journalarticle.ukm.my/8128/ http://journalarticle.ukm.my/8128/1/7274-18734-1-SM.pdf

id	ukm-8128
recordtype	eprints
spelling	ukm-81282016-12-14T06:46:18Z http://journalarticle.ukm.my/8128/ Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach Shahida Shahimi, Mohd Umar Mohd Marzuki, Zaini Embong, Poverty alleviation has always been one of the top agendas in any country, including Malaysia. This is evidenced from the spending of the government for the purpose of uplifting the income of the poor. The objective of this paper is therefore to explore alternative tool in eradicating poverty, specifically in Malaysia, by exploring the role of cash waqf. This paper examines the potential impact of cash waqf on the Malaysian economy. Cash waqf is specifically analysed in this paper as an alternative instrument that can improve the overall social welfare system and reduce poverty rate; and at the same time, lessen the burden of the government. To analyse the potential of cash waqf model in a dynamic system, this study employs system dynamics methodology. The feedback nature of the whole system is modelled and outputs in the form of figures are derived from simulations. With two different cases (i.e. set of assumptions) under study, the model simulations show that cash waqf is significant in alleviating poverty by up to 50 per cent for both cases. Apart from that, government spending can also be significantly reduced. Total savings can go over RM13 billion or an average of RM433 million a year over 30 years. Given the findings, the government can take into account the potential of implementing cash waqf in Malaysia. Penerbit Universiti Kebangsaan Malaysia 2013 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/8128/1/7274-18734-1-SM.pdf Shahida Shahimi, and Mohd Umar Mohd Marzuki, and Zaini Embong, (2013) Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach. Jurnal Ekonomi Malaysia, 47 (2). pp. 149-163. ISSN 0127-1962 http://ejournals.ukm.my/jem/index
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Poverty alleviation has always been one of the top agendas in any country, including Malaysia. This is evidenced from the spending of the government for the purpose of uplifting the income of the poor. The objective of this paper is therefore to explore alternative tool in eradicating poverty, specifically in Malaysia, by exploring the role of cash waqf. This paper examines the potential impact of cash waqf on the Malaysian economy. Cash waqf is specifically analysed in this paper as an alternative instrument that can improve the overall social welfare system and reduce poverty rate; and at the same time, lessen the burden of the government. To analyse the potential of cash waqf model in a dynamic system, this study employs system dynamics methodology. The feedback nature of the whole system is modelled and outputs in the form of figures are derived from simulations. With two different cases (i.e. set of assumptions) under study, the model simulations show that cash waqf is significant in alleviating poverty by up to 50 per cent for both cases. Apart from that, government spending can also be significantly reduced. Total savings can go over RM13 billion or an average of RM433 million a year over 30 years. Given the findings, the government can take into account the potential of implementing cash waqf in Malaysia.
format	Article
author	Shahida Shahimi, Mohd Umar Mohd Marzuki, Zaini Embong,
spellingShingle	Shahida Shahimi, Mohd Umar Mohd Marzuki, Zaini Embong, Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach
author_facet	Shahida Shahimi, Mohd Umar Mohd Marzuki, Zaini Embong,
author_sort	Shahida Shahimi,
title	Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach
title_short	Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach
title_full	Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach
title_fullStr	Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach
title_full_unstemmed	Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach
title_sort	potential of cash waqf for poverty alleviation in malaysia: a system dynamics approach
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2013
url	http://journalarticle.ukm.my/8128/ http://journalarticle.ukm.my/8128/ http://journalarticle.ukm.my/8128/1/7274-18734-1-SM.pdf
first_indexed	2023-09-18T19:51:34Z
last_indexed	2023-09-18T19:51:34Z
_version_	1777406254732279808

Potential of cash waqf for poverty alleviation in Malaysia: a system dynamics approach

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