The objective of this paper is to examine the effects of oil price shock on inflation in Malaysia, using monthly data from 2005 to 2011. VAR-VECM and Granger Causality model were employed to analyze the data. The cointegration between all variables are existence also at 5% significant level in the long run. But in the short run, only oil crude price affected the inflation. For granger causality test, we found that the inflation does not granger cause to the exchange rate but it does granger cause to the oil price. The oil price does granger cause to the inflation but it does not granger cause to the exchange rate. The exchange rate does not granger cause to both of the variables (Inflation and Oil Price). So, the oil crude price can give an effect on inflation. If the rate of oil crude price changes, the inflation also changes. This finding will contribute to Malaysian government in making policy to control the petrol price to avoid from the inflation.
Purpose of the study: This study intended to analysis the implementation and development of productive waqf in Malang, Indonesia. In addition, it addressed to understand the operational management of productive waqf Islamic hospital in Malang. Methodology: The research applied a qualitative method in order to comprehensively understand the existing phenomenon. The qualitative data analysis model used in this research followed the process of data reduction, display data, and verification by Miles & Huberman (1984). Purposively, the sample of the research was in an Islamic hospital in Malang considering various relevant reasons. The data were collected through focus group discussion between stakeholders including waqf recipient (Mauquf’Alaih), waqf management (Nazhir) and researches. Main Findings: The findings showed that the implementation of productive waqf has shown favorable outcomes in attaining local community’s needs that lead to the economic welfare of communities. The management model of productive a waqf is divided into a certain considered portion for business development, Mauquf’Alaih, and Nazhir. Applications of this study: In its development, productive waqf management should consider potential factors such as human resources and community awareness. Novelty/Originality of this study: The research provides insight into the nature of the productive waqf model as an attempt to enhance economic welfare.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.