Impact of ZIS (Zakah, Infaq and Sadaqa) Distribution and 
					Islamic Financial Institutions to MSMEs (Micro, Small, and Medium Enterprises) and Gross 
					Regional Product Growth in East Java (2011-2014 Periods)

Hamidah, Raisa Aribatul; Widiastuti, Tika; Alam, Azhar; Cahyono, Eko Fajar

doi:10.12785/jifs/030101

Cited by 9 publications

(8 citation statements)

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“…However, few studies that delve into this subject matter find several positive effects of Islamic microfinancing. For example, Hamidah et al (2017) found that access to Islamic microfinancing funds significantly affects the financial wellbeing of micro, small, and medium enterprises (MSME) in East Java, Indonesia. Besides, Hussaini (2017) reports that Islamic microfinance is an effective tool in reducing the extreme nature of poverty in northern Nigeria by providing interest-free credits to the disadvantaged but economically active population.…”

Section: Previous Studiesmentioning

confidence: 99%

Nexus Between Islamic Microfinancing and Financial Wellbeing of Microentrepreneurs during the Covid-19 Pandemic in Malaysia

Azman¹,

Zabri²,

Kepili³

2021

JEM

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Islamic microfinance is expanding and penetrating its potential market over the globe. Access to credit or financing, especially during the COVID-19 pandemic, is vital for micro-entrepreneurs in climbing the socio-economic ladder that will contemporaneously increase their household income. In Malaysia, most of the MEs can hardly access financing from formal financial institutions due to poor credit rating, having zero to little collateral, income instability, small loan amounts, and high transaction costs. Alternatively, MEs approach Islamic microfinance institutions for their financing solution. Therefore, this study intends to investigate how far the utilization of Islamic microfinancing by MEs could enhance their quality of life. One hundred seven (107) usable questionnaires were analysed via the Structural Equation Modelling (SEM) AMOS using IBM ® SPSS and found that both investment and expansion factors played key roles in affecting the financial wellbeing of the micro-entrepreneurs. The results lend credence to the positive effect of Islamic microfinance products may have on MEs and indirectly support the long-term economic development for MEs. This study deliver implication to various angles. In practical part, it opens the eyes of micro-entrepreneurs to opt for the right path (expansion and investment) to achieve financial wellbeing. Government (regulators) can enhance the ability of Islamic microfinancing as a tool towards financial wellbeing and in theoretical part, this study deepens the scope of Schumpeter's theory by inculcate this theory with Islamic finance scope of study.

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Section: Previous Studiesmentioning

confidence: 99%

Nexus Between Islamic Microfinancing and Financial Wellbeing of Microentrepreneurs during the Covid-19 Pandemic in Malaysia

Azman¹,

Zabri²,

Kepili³

2021

JEM

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“…The distribution of IFI funds has a significant positive effect on MSME growth and GDRP growth in East Java. (Hamidah et al, 2017)…”

Section: Review Of Related Researchmentioning

confidence: 99%

Analysis Of Effect Of ZIS (Zakat, Infaq, And Shadaqah), Regional Domestic Products Of Bruto, Regional Minimum Wage And Inflation On Levels Poverty In Indonesia 2012 – 2016

Mustika

Setyowati

Alam

2019

JISEL

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This study investigated the impact of ZIS (Zakat, Infaq, and Sadaqah) Gross Regional Domestic Products, Regional Minimum Wages, and Inflation on Poverty Levels in Indonesia during the 2012-2016 period. .This paper used secondary data in the panel data form. This research conducted a quantitative approach using panel data regression. Based on the results of the panel data testing, the best model chosen is the Random Effect Model (REM). Variables of gross regional domestic products and regional minimum wages have a significant effect on poverty levels in Indonesia while the variables of zakat, infaq, and shadaqah (ZIS) and inflation do not influence the level of poverty in Indonesia.

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“…This is what can affect economic growth. people (Hamidah et al, 2017). If the wealth is evenly distributed, it can reduce poverty and improve the economy (Fahmawati, 2019).…”

Section: Introductionmentioning

confidence: 99%

How Zakat Affects Economic Growth In Three Islamic Countries

Ashfahany

Hidayah²,

Hakim³

et al. 2023

JISEL

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Zakat as a pillar of development in Islamic economics contributed to the economic development applied in all Caliphate in the Islamic history. By then, this study aims to analyze the effect of zakah on economic growth of three Muslim countries. This study uses a regression estimate of panel data designed to determine the impact of zakat on economic growth with a sample of three Islamic countries in 2003-2020. The results of this study indicate that zakat distribution and population growth have a positive and significant effect on economic growth in three Islamic countries, namely Indonesia, Malaysia and Singapore in 2003-2020. Thus, it can create evidence that zakat can affect economic growth, especially in Islamic countries. This research also supports that zakat should be included in fiscal instrument in today’s world, not only tax. Based on the results of the research above, the student recommend that zakat be included in fiscal policy as is the case with taxes

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Impact of ZIS (Zakah, Infaq and Sadaqa) Distribution and Islamic Financial Institutions to MSMEs (Micro, Small, and Medium Enterprises) and Gross Regional Product Growth in East Java (2011-2014 Periods)

Cited by 9 publications

References 0 publications

Nexus Between Islamic Microfinancing and Financial Wellbeing of Microentrepreneurs during the Covid-19 Pandemic in Malaysia

Nexus Between Islamic Microfinancing and Financial Wellbeing of Microentrepreneurs during the Covid-19 Pandemic in Malaysia

Analysis Of Effect Of ZIS (Zakat, Infaq, And Shadaqah), Regional Domestic Products Of Bruto, Regional Minimum Wage And Inflation On Levels Poverty In Indonesia 2012 – 2016

How Zakat Affects Economic Growth In Three Islamic Countries

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