The Role of Zakat, Infaq and Shadaqah in Indonesia’s Economic Growth: An Islamic Perspective

Authors

  • Fajrin Intan Safitri Faculty of Economics and Business, Brawijaya University, Indonesia
  • Ghozali Maski Faculty of Economics and Business, Brawijaya University, Indonesia
  • Iswan Noor Faculty of Economics and Business, Brawijaya University, Indonesia
  • Ardhika Wahyu Kuncoro Department of Fiqh and Ushul Al-Fiqh, Kulliyah of Islam Revealed Knowledge and Human Science, International Islamic University Malaysia, Malaysia

DOI:

https://doi.org/10.22219/jes.v9i1.30217

Abstract

The nexus between economic growth and national income is very critical driven by the nation’s growth performance and its citizens’ improvement standard of living. This study aims to analyze the role of zakat, infaq and shadaqah in Indonesia’s economic growth from the Islamic perspective. By utilizing secondary data from Bank Indonesia, Central Bureau of Statistics, and BAZNAS this research employs the 2SLS (Two-Stage Least Square) method to estimate structural coefficients. The result found that generaly, zakat, infaq and shadaqah (ZIS) and consumption significantly contributed to economic growth from several variables like net exports, investment, and government during period 2001-2020. This research contribute to highlighting the significant impact of ZIS on national income and societal consumption, this study also provide result of study aimed at enhancing economic growth and ensuring the equitable collection and distribution of ZIS funds.

Downloads

Download data is not yet available.

Downloads

Published

2024-02-28

How to Cite

Safitri, F. I., Maski, G., Noor, I., & Kuncoro, A. W. (2024). The Role of Zakat, Infaq and Shadaqah in Indonesia’s Economic Growth: An Islamic Perspective. Falah: Jurnal Ekonomi Syariah, 9(1), 17–30. https://doi.org/10.22219/jes.v9i1.30217

Issue

Vol. 9 No. 1 (2024): FEBRUARY

Section

Journal Article

License

Copyright (c) 2024 Copyright of content is for the author, and copyright for publishing is for publisher

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).


    Creative Commons License
    This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.