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All Journal IQTISHADUNA: Jurnal Ekonomi dan Keuangan Islam
Fuadah Johari
Universiti Sains Islam Malaysia
Economics, Econometrics & Finance

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EFFECTS OF PANDEMIC COVID-19 ON THE MALAYSIAN ECONOMY, FOCUSED ON FIVE IMPORTANT INDUSTRIES AND SHARIAH VIEWPOINTS MUHAMMAD HAIQAL TAJUDEN; MUHAMMAD NABIL NORHASMY; MUHAMMAD RIZWAN NASUTION BIN MOHD IDRIS; MUHAMMAD ADHAM MOHAMAD ARES; MUHAMMAD FAIZZUWAN MUSTAFA; FUADAH JOHARI
IQTISHADUNA Vol. 13 No. 2 (2022): IQTISHADUNA: JURNAL EKONOMI DAN KEUANGAN ISLAM
Publisher : UIN Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/iqtishaduna.v13i2.6113

Abstract

Globally, more than 4.3 million confirmed cases and more than 2,90,000 fatalities occurred due to the COVID-19 disease outbreak, which profoundly affected the entire planet. This has also fanned fears of a forthcoming economic collapse and recession. This type of event is referred to as a "black swan" because it adds unexpected and unique aspects to the economic environment and has the potential to start a chain of unfavourable reactions and market disruptions. As a result of social isolation, self-isolation, and travel restrictions, there has been a drop in the labour force across all economic sectors, resulting in the loss of several jobs. In addition, due to the closing of schools, demand for commodities and manufactured goods has decreased. On the other hand, the need for medical supplies is expanding rapidly. Through the end of 2019, the five primary economic sectors generated money and employment. Early in 2020, however, these industries encountered a major economic and employment crisis due to the COVID-19 outbreak. The COVID-19 outbreak has greatly affected the economic and social conditions of the nation, particularly regarding these five core economic activities. This study's objective is to examine the effects of COVID-19 on the agriculture, manufacturing, construction, services, mining and quarrying sectors. To achieve this purpose, this study employed descriptive analysis to examine performance data encompassing 10 years (2012 - 2021). The findings indicate that the COVID-19 epidemic has a substantial and negative impact on the Malaysian economy.
MALAYSIAN 10 YEARS TECHNOLOGY EXPENDITURE Noreen Balqis Muhammad; Irdhina Sofina Shahrin; Nur Fara Syahadha Anuar; Asmaa’ Aqilah Mohd Rosli; Nurhanis Nabiha Md Osman; Fuadah Johari
IQTISHADUNA Vol. 13 No. 2 (2022): IQTISHADUNA: JURNAL EKONOMI DAN KEUANGAN ISLAM
Publisher : UIN Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/iqtishaduna.v13i2.6114

Abstract

This paper studies and observes Malaysian ten years of technology expenditure. The analysis of Malaysia's technological growth over ten years is one of the topics covered in this discussion. In addition, factors that contribute to the state of technology are now an important problem in this working paper and discussed how to solve problems arising from Islamic perspectives. This is because, as knowledgeable Muslims, we need to be sensitive and efficient in developing the economy. Not only that, but we are also responsible for declaring that not from a technological point of view alone needs to be taken heavily on the contrary from other aspects, such as commerce that gets a boost in Islam needs to be emphasised. This is to form a community or a developed country along with the development of the world today.
INCOME DISTRIBUTION AND ZAKAT CONTRIBUTION IN MALAYSIA Nur Afiqah Mohd Fizol; Nur Syahirah Syahirin; Nurul Suhada Sarnubi; Safinatun Najah Seman; Nurul Kauthsar Razman; Fuadah Johari
IQTISHADUNA Vol. 13 No. 2 (2022): IQTISHADUNA: JURNAL EKONOMI DAN KEUANGAN ISLAM
Publisher : UIN Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/iqtishaduna.v13i2.6115

Abstract

One of the fundamental obligations of every Muslim is to pay Zakat. The asnaf group may receive assistance from Zakat payments and income distribution to survive financial difficulties. This article aims to describe how Malaysian Zakat income and distribution function. The significance of Zakat donations to the community for its economic development is discussed in the first paragraph of this article. The history of the Zakat contribution controversy and Sharia-based theory are then covered. The study's conclusion indicates an imbalance in the distribution of Zakat by the state in Malaysia based on the country's poverty rate. In order to ensure that Zakat's contribution to the community is effective, the article underlines the necessity for a thorough action plan to ensure that no Muslim group is overlooked or marginalised. To fulfil their different obligations and more effectively and efficiently meet the responsibility to donate Zakat, every Muslim community member must honestly collaborate and adhere to the detailed action plan.
Co-Authors Asmaa’ Aqilah Mohd Rosli Irdhina Sofina Shahrin MUHAMMAD ADHAM MOHAMAD ARES MUHAMMAD FAIZZUWAN MUSTAFA MUHAMMAD HAIQAL TAJUDEN MUHAMMAD NABIL NORHASMY MUHAMMAD RIZWAN NASUTION BIN MOHD IDRIS Noreen Balqis Muhammad Nur Afiqah Mohd Fizol Nur Fara Syahadha Anuar Nur Syahirah Syahirin Nurhanis Nabiha Md Osman Nurul Kauthsar Razman Nurul Suhada Sarnubi Safinatun Najah Seman