Proceedings of the 1st Aceh Global Conference (AGC 2018)

Is Zakat Important in Reducing Poverty?

Authors
Arfah Mahfuzha, Cut Zakia Rizki, Diana Sapha, Fitriyani Fitriyani, Abd Jamal, Weri Weri
Corresponding Author
Cut Zakia Rizki
Available Online January 2019.
DOI
https://doi.org/10.2991/agc-18.2019.83How to use a DOI?
Keywords
Zakat, Economic growth, ASEAN countries, Panel data.
Abstract
Poverty is a problem in all countries especially in several countries in ASEAN. Some policies taken to diminish the poverty have not yet effective considering the poverty is still high in ASEAN countries. Considering ASEAN countries have a predominantly Muslim population who annually spend some of their wealth for zakat, it is important to study whether zakat can be effective to be used as one of alternative policy to improve the rate of economic growth which will ultimately have an impact on poverty alleviation as well. This study uses panel data analysis to compare the effect of zakat on economic growth in several ASEAN countries, namely Indonesia, Malaysia, Brunei Darussalam and Singapore from 2010 to 2015. The results show that zakat have a positive but not significantly effect on economic growth. Thus, it is recommended for the government to improve the implementation and evaluation of zakat distribution so that zakat can directly improve the welfare of people, and hence improve the economic growth in ASEAN countries.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Volume Title
Proceedings of the 1st Aceh Global Conference (AGC 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
January 2019
ISBN
978-94-6252-644-0
ISSN
2352-5398
DOI
https://doi.org/10.2991/agc-18.2019.83How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Arfah Mahfuzha
AU  - Cut Zakia Rizki
AU  - Diana Sapha
AU  - Fitriyani Fitriyani
AU  - Abd Jamal
AU  - Weri Weri
PY  - 2019/01
DA  - 2019/01
TI  - Is Zakat Important in Reducing Poverty?
BT  - Proceedings of the 1st Aceh Global Conference (AGC 2018)
PB  - Atlantis Press
SP  - 558
EP  - 562
SN  - 2352-5398
UR  - https://doi.org/10.2991/agc-18.2019.83
DO  - https://doi.org/10.2991/agc-18.2019.83
ID  - Mahfuzha2019/01
ER  -