Proceeding ISETH (International Summit on Science, Technology, and Humanity)
2023: Proceeding ISETH (International Summit on Science, Technology, and Humanity)

The Role of Investment Zakat Consumption and Economic Growth in Sustainable SDG Realization

Widawati, Yesi (Unknown)
Putri, Tasya Berliana (Unknown)
Ainafaid, Deviani (Unknown)
Setyowati, Eni (Unknown)



Article Info

Publish Date
30 Jan 2024

Abstract

Purpose: This study aims to determine the impact of zakat, investment, and consumption on economic growth, with the ultimate goal of achieving sustainable SDGs. The research focuses on zakat variables as a means to bolster Indonesia's economic growth, consumption, and investment. It emphasizes the importance of synergizing these factors to enhance economic growth and welfare, including poverty alleviation, wealth redistribution, and increased employment opportunities. Methodology: The research methodology involves economic data analysis, a comprehensive literature review, and the utilization of the Ordinary Least Squares (OLS) model. This model is used to explore and unveil how zakat, investment, and consumption collectively influence economic growth. Results: States that zakat and consumption variables have a positive and significant impact on economic growth. Indicates that the investment variable does not affect economic growth. Applications/Originality/Value: Emphasizes the necessity of the government's role in considering zakat instruments while creating regulations to boost economic growth, particularly in poverty alleviation and fair distribution of income and consumption. Urges the government to seek increased investment in the country to stimulate job availability, aligning with the SDGs' goal of "no poverty".

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Journal Info

Abbrev

iseth

Publisher

Subject

Computer Science & IT Engineering Medicine & Pharmacology Social Sciences Other

Description

The International Summit on Science, Technology and Humanity (ISETH) is organised by Universitas Muhammadiyah Surakarta. This summit aims to provide a platform for researchers and academics to share their research findings with others and meet lecturers and researchers from other institutions and to ...