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A technical note on the derivation of Zakat Effectiveness Index (ZEIN)

Effectiveness of policies is very much dependent upon the quality of the measures used to guide the formulation of those policies. Thus, methodological and practical issues surrounding poverty and inequality indices are of paramount importance in poverty alleviation efforts. This paper attempts to p...

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Main Authors: Abdullah, Naziruddin, Mohd Yusop, Mohd Mahyudi, Awang, Che Omar
Format: Article
Language:English
Published: International Islamic University Malaysia 2012
Subjects:
HB131 Methodology.Mathematical economics. Quantitative methods
HV Social pathology. Social and public welfare
Online Access:http://irep.iium.edu.my/40243/1/40243.pdf
http://irep.iium.edu.my/40243/
http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/188
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spelling my.iium.irep.402432016-07-18T01:50:15Z http://irep.iium.edu.my/40243/ A technical note on the derivation of Zakat Effectiveness Index (ZEIN) Abdullah, Naziruddin Mohd Yusop, Mohd Mahyudi Awang, Che Omar HB131 Methodology.Mathematical economics. Quantitative methods HV Social pathology. Social and public welfare Effectiveness of policies is very much dependent upon the quality of the measures used to guide the formulation of those policies. Thus, methodological and practical issues surrounding poverty and inequality indices are of paramount importance in poverty alleviation efforts. This paper attempts to propose a Zakat Effectiveness Index (ZEIN) to address some of those issues. The strength of the index is as follows: 1) it can be used to verify and compare how effective is the expenditures on poverty alleviation by the government as represented by the amount of zakat distributed to the eligible zakat recipients; 2) it is flexible enough to incorporate different sub-groups analysis such as types of employment, sectors or ethnic groups; and, 3) unlike other indices that use the GNP and GDP as denominator, ZEIN introduces zakat recipients as the denominator to improve the effectiveness of the poverty index. Lumped together, ZEIN measures more directly the shortfall ofzakat distribution vis-à-vis the total expenditure on basic needs requiredfor the poor to sustain a decent minimum livelihood. Finally, we assertthat ZEIN is potentially a very useful tool to measure the performance of all Muslim countries’ provision 76 International Journal of Economics, Management and Accounting 20, no. 1 (2012) of minimum basic needs through zakat to further promote the achievement of the maqasid al-shari’ah. International Islamic University Malaysia 2012 Article REM application/pdf en http://irep.iium.edu.my/40243/1/40243.pdf Abdullah, Naziruddin and Mohd Yusop, Mohd Mahyudi and Awang, Che Omar (2012) A technical note on the derivation of Zakat Effectiveness Index (ZEIN). International Journal of Economics, Management and Accounting, 20 (1). pp. 75-86. ISSN 0128-006 http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/188
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HB131 Methodology.Mathematical economics. Quantitative methods
HV Social pathology. Social and public welfare
spellingShingle HB131 Methodology.Mathematical economics. Quantitative methods
HV Social pathology. Social and public welfare
Abdullah, Naziruddin
Mohd Yusop, Mohd Mahyudi
Awang, Che Omar
A technical note on the derivation of Zakat Effectiveness Index (ZEIN)
description Effectiveness of policies is very much dependent upon the quality of the measures used to guide the formulation of those policies. Thus, methodological and practical issues surrounding poverty and inequality indices are of paramount importance in poverty alleviation efforts. This paper attempts to propose a Zakat Effectiveness Index (ZEIN) to address some of those issues. The strength of the index is as follows: 1) it can be used to verify and compare how effective is the expenditures on poverty alleviation by the government as represented by the amount of zakat distributed to the eligible zakat recipients; 2) it is flexible enough to incorporate different sub-groups analysis such as types of employment, sectors or ethnic groups; and, 3) unlike other indices that use the GNP and GDP as denominator, ZEIN introduces zakat recipients as the denominator to improve the effectiveness of the poverty index. Lumped together, ZEIN measures more directly the shortfall ofzakat distribution vis-à-vis the total expenditure on basic needs requiredfor the poor to sustain a decent minimum livelihood. Finally, we assertthat ZEIN is potentially a very useful tool to measure the performance of all Muslim countries’ provision 76 International Journal of Economics, Management and Accounting 20, no. 1 (2012) of minimum basic needs through zakat to further promote the achievement of the maqasid al-shari’ah.
format Article
author Abdullah, Naziruddin
Mohd Yusop, Mohd Mahyudi
Awang, Che Omar
author_facet Abdullah, Naziruddin
Mohd Yusop, Mohd Mahyudi
Awang, Che Omar
author_sort Abdullah, Naziruddin
title A technical note on the derivation of Zakat Effectiveness Index (ZEIN)
title_short A technical note on the derivation of Zakat Effectiveness Index (ZEIN)
title_full A technical note on the derivation of Zakat Effectiveness Index (ZEIN)
title_fullStr A technical note on the derivation of Zakat Effectiveness Index (ZEIN)
title_full_unstemmed A technical note on the derivation of Zakat Effectiveness Index (ZEIN)
title_sort technical note on the derivation of zakat effectiveness index (zein)
publisher International Islamic University Malaysia
publishDate 2012
url http://irep.iium.edu.my/40243/1/40243.pdf
http://irep.iium.edu.my/40243/
http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/188
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score 13.211869

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