Araştırma Makalesi

THE PROGRESS OF SHARI’AH IMPLEMENTATION IN ZAKAH MANAGEMENT & THE ACTUAL PROCEEDS: MALAYSIA AS A CASE STUDY WITH CORRELATION ANALYSIS

Cilt: 5 Sayı: 1 26 Haziran 2022
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THE PROGRESS OF SHARI’AH IMPLEMENTATION IN ZAKAH MANAGEMENT & THE ACTUAL PROCEEDS: MALAYSIA AS A CASE STUDY WITH CORRELATION ANALYSIS

Abstract

This paper analyzes the Malaysian Zakah/Zakat Management, which is related to law and its actual proceeds.Despite numerous efforts being made in many OIC Muslim countries and technological breakthroughs, Zakah is still unable to tackle poverty eradication. This study shows the progress of Zakah by one of the OIC Muslim countries, Malaysia. Malaysia's Zakah actual proceeds are a far cry from a total Muslim population; in fact, approximately 60% of Malaysians are Muslim. Although enjoying tremendous economic growth, Zakah’s potential contribution to Malaysia indicates a gap within the country’s GDP. These failures may relate to Zakah institutions in each state that do not fully adhere to general Islamic law or not follow the fatwa of the Shafi' sect that Zakah is obligatory. The explanation is that, since the country is home to many races and religions, Zakah is exempted from contribution. A prove that the fatwa affects the Zakah's collection, the data would be computed to estimate the proceeds by statistical tools, namely; descriptive, correlation, regression, and the ARDL approach to co-integration testing. This study examines a collection of data between 1991 to 2019 related to economic growth in Malaysia, for instance, Zakah's collection, GDP, interest, inflation, taxes, and unemployment in the country. This paper encourages policymakers to review the decision taken by National Council Fatwa Committee to adhere to the proper fatwa by Shafi's sect and to create effective infrastructure policies.

Keywords

Kaynakça

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  6. Ahmad Shahir Makhtar, Adibah Abdul Wahab (2010) Pengurusan zakat di negeri Selangor: Isu dan cabaran. Paper presented at Konvensyen Kebangsaan Perancangan & Pengurusan Harta dalam Islam 2010 organised by Jabatan Syariah, Fakulti Pengajian Islam UKM. Bangi.
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Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

26 Haziran 2022

Gönderilme Tarihi

6 Eylül 2021

Kabul Tarihi

12 Haziran 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 5 Sayı: 1

Kaynak Göster

APA
Ishak Yelkencı, N. S. (2022). THE PROGRESS OF SHARI’AH IMPLEMENTATION IN ZAKAH MANAGEMENT & THE ACTUAL PROCEEDS: MALAYSIA AS A CASE STUDY WITH CORRELATION ANALYSIS. Academic Review of Humanities and Social Sciences, 5(1), 105-129. https://doi.org/10.54186/arhuss.991989

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