Work

Zakat and its Role in the Gross Domestic Product (A Case Study of Sudan)

Year: 2024

Type: article

Abstract: The research aims to identify the impact of Zakat on the gross domestic product of the State of Sudan by dividing the actual spending of Zakat into two main types: vertical (indirect) spending on production and service projects, and horizontal (direct) spending or spending conduct on private Masarf during the period (2000 - 2016). To achieve this goal, the analytical descriptive approach with the use of quantitative tools were relied upon, using specific statistical programs that serve this purpose, such as Eviews10. Through a Toda-Yamamoto causality test, it is clear that the only independent variable (EZP) that causes the dependent variable (GDP), and that the causation was in one direction only, given the probability value, which was less than 5% and noting that the RGDP does not It affects (causes) the two types of Zakat under study. Thus, it can be said that the vertical spending of Zakat had a positive impact on the gross domestic product compared to the horizontal spending of it.

Source: Journal of Umm Al-Qura University for Sharia h Sciences and Islamic Studies

DOI: 10.54940/si71452278

Author: Milad Jarushi

Institution: Misurata University

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: No poverty, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4405768003