Islamic Financial Instruments and Economic Growth; An Evidence from Indonesia

Wahyuningsih, Indah; Nurzaman, Mohamad

doi:10.1109/icim49319.2020.244668

Cited by 9 publications

(8 citation statements)

References 3 publications

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“…Previous studies demonstrated that zakat positively affects economic growth (Ridwan et al , 2019b; Wahyuningsih and Nurzaman, 2020), serving as a proxy for macroeconomic variables. Furthermore, zakat aims to achieve socioeconomic justice and equitable income distribution (Quran, Chapter Al Hasyr, Verse 7).…”

Section: Literature Reviewmentioning

confidence: 99%

Analyzing the impact of productive zakat on the welfare of zakat recipients

Mawardi

Widiastuti

Mustofa

et al. 2022

JIABR

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Purpose This study aims to investigate the effects of zakat and business assistance on the growth and well-being of mustahiqs (zakat recipients). This study also investigates the impact of macroeconomic variables on the welfare of mutahiqs. Design/methodology/approach The partial least squares-structural equation modelling method is used in this quantitative study, examining data from 137 mustahiqs. The data was collected from seven zakat institutions, which run effective zakat programmes to empower mustahiqs. Findings Zakat empowerment programmes and business assistantships positively impact the growth of mustahiqs’ businesses, beneficial to their well-being. Nevertheless, their well-being is unaffected by the proxy of the macroeconomy. Originality/value This study adds to the zakat literature by identifying the relationship between zakat, business growth, macroeconomic conditions and mustahiq welfare. Accordingly, this approach was made by combining primary and secondary data. This research offers a unique measure of welfare based on the concept of the Islamic objectives (Maqasid al-Shariah).

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Section: Literature Reviewmentioning

confidence: 99%

Analyzing the impact of productive zakat on the welfare of zakat recipients

Mawardi

Widiastuti

Mustofa

et al. 2022

JIABR

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“…Figure 18 shows the factorial map of the most cited and contributing documents, based on the factorial analysis TC result as follows: Wahab and Rahman (2011) from cluster 2 has 53 TC, Al-Ajmi and Abo Hussain (2011) from cluster 2 has 33 TC, Al-Ajmi et al (2009) from cluster 2 has 23 TC, Yusuf and Derus (2013) from cluster 2 has 22 TC, Javaid and Al-Malkawi (2018) from cluster 3 has 15 TC. However, when observed from the most contributed papers, there are Radwan et al (2021) from cluster 5 have 22.2% contribution on zakah publications, Amuda (2019) from cluster 3 have 11.49% contribution, Wahyuningsih and Nurzaman (2020) from cluster 3 have 9.42% contribution, Mariyanti and Mahfudz (2016) from cluster 4 have 8.53% contribution, Ridwan et al (2019) from cluster 4 have 7.47% contribution.…”

Section: Resultsmentioning

confidence: 95%

Mapping the evolution of ZAKAH theme publications years 1964-2021: a bibliometric analysis

Khalifah

Kasri

Aslan

2022

JIABR

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Purpose The increasing number of papers on zakah shows that it has become an important research topic. However, few studies attempt to analyze the evolution of zakah studies which might be helpful as guidance for policymakers in creating zakah management systems and policies, for zakah management organizations administering zakah funds, for future research on related subjects and for academic actors to construct a zakah study curriculum. This study aims to conduct a bibliometric analysis of the evolution of zakah theme publications from 1964 to 2021. Design/methodology/approach This study uses bibliometric analysis to analyze the evolution of zakah research. This study compared all Scopus-indexed journal papers to Zakah publications regarding research flow, themes, abstracts and titles. The relationships between researchers, the titles of the papers and keywords associated with “zakah” are analyzed in these publications published between 1964 and 2021. A total of 632 scientific contributions were discovered using RStudio and VOSviewer to analyze the bibliometric metadata. Findings Based on the results, the theme of zakah has evolved from 1964 to 2021. The author emphasizes the zakah publication theme. Each affiliation and country have its conditions, management method, data sources and characteristics. The theme “zakah institutions and zakah collecting” grew in popularity between 2010 and 2021 and is projected to grow in the following years. Malaysia, Indonesia and Pakistan can be used as zakah development research models. In spans of zakah publications, the author with the most global citations is Wahab N.A., and the author with the most productive is Saad Raj. Research limitations/implications Zakah publications are analyzed using the Scopus database. This study applied only Scopus index data, excluding non-Scopus, and most studies conducted in non-English languages. This conclusion indicates the issue’s importance among academic researchers and practitioners, notably on the subject of zakah. Thus, a comprehensive picture of zakah theme publications assists researchers and zakah fund institutions in making assessments, focusing on the unstudied fraction of the zakah theme. Practical implications This research is planned to serve as a reference for future research, particularly examining the theme’s novelty. It is intended to have implications for policymakers, particularly zakah institutions, regarding funding the several zakah research issues and concentrations. Social implications This research can guide future researchers and is expected to include parameters such as author, year and data source while analyzing zakah publications to generate new findings. Originality/value This is probably one of few comprehensive studies that examined the evolution of the zakah theme using the Scopus-indexed database. The relevance of this paper is to provide suggestions and projections for future zakah research. Scholars should examine zakah publications by author, year and data source to gain fresh insights. Search for data sources with high-impact factors and objective metrics, then clear out irrelevant documents to improve the analysis’ quality and findings.

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“…Govindarajan, stated that the inconsistency of research results is due to other contingency factors. The contingency approach confirms the possibility of other variables that can act as mediating factors that influence the relationship between independent and dependent variables [11]. Contingency theory is used in this study, because the concept of contingency theory explains that the design of an organization will be effective and can be applied universally only under certain conditions.…”

Section: Introductionmentioning

confidence: 92%

The Mediation Effect of Environmental Performance on Gender Diversity at Financial Performance Evidence From Indonesia

Mustaqim¹

2021

pae

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The purpose of this paper is to determine the direct influence gender diversity on financial performance as well as through environmental performance as a mediating variable Design/methodology/approach : The data used ini this research are secondary data involving 110 companies listed on the Indonesia Stock Exchange for period 2012-2018. The data used in this study were analyzed using partial least square and carried out with help of software WarpPLS 6.0 Finding: The results show that the gender diversity on impact financial performance. Originality/value: The result also show partial mediation of environmental performance on impact gender diversity on financial performance.

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Islamic Financial Instruments and Economic Growth; An Evidence from Indonesia

Cited by 9 publications

References 3 publications

Analyzing the impact of productive zakat on the welfare of zakat recipients

Analyzing the impact of productive zakat on the welfare of zakat recipients

Mapping the evolution of ZAKAH theme publications years 1964-2021: a bibliometric analysis

The Mediation Effect of Environmental Performance on Gender Diversity at Financial Performance Evidence From Indonesia

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