Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]

The extreme inequality in the distribution of wealth, income and opportunity undermines and distorts the sharing of prosperity, democracy, economic health and vitality, ecological balance, physical health and culture of the nations. In April 2013, the issue of greater inequalities and social exclusi...

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Main Authors: Ismail, Nor Hazila, Mohd Isa, Maizura, Mohd Rashid, Mohamed Eskandar Shah
Format: Article
Language:en
Published: UiTM Cawangan Johor 2018
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/41327/1/41327.pdf
https://ir.uitm.edu.my/id/eprint/41327/
https://insightjournal.my/
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author Ismail, Nor Hazila
Mohd Isa, Maizura
Mohd Rashid, Mohamed Eskandar Shah
author_facet Ismail, Nor Hazila
Mohd Isa, Maizura
Mohd Rashid, Mohamed Eskandar Shah
author_sort Ismail, Nor Hazila
building Tun Abdul Razak Library
collection Institutional Repository
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
continent Asia
country Malaysia
description The extreme inequality in the distribution of wealth, income and opportunity undermines and distorts the sharing of prosperity, democracy, economic health and vitality, ecological balance, physical health and culture of the nations. In April 2013, the issue of greater inequalities and social exclusion reckoned to be the result of economic growth led the World Bank to set the new goals, to end extreme poverty and promote shared prosperity. Interestingly, the approach of the contemporary solution is largely in consonance with the maqasid or objectives of the Shari’ah. Islam is a universal religion and addresses the entire mankind not the believers alone. It is, therefore, no surprise that people irrespective of faith do often think along Islamic lines. This study analyzed the impact of the governance from Islamic perspective on poverty, by adopting a cross-country approach. Specifically, the study examined the impact of Islamic governance structures on the poorest quintiles of the population by evaluating the relationship between the factors and the changes in the per capita income of the poor of the developing countries. This study applied panel regression to examine the significance of the pillars of the governance from the Islamic perspective towards the shared prosperity of the developing countries. It is hoped that this study will help determine if the Islamic pillars of the Islamic Governance can serve as an effective mechanism for poverty eradication in the respective countries.
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spelling my.uitm.ir-413272021-02-04T20:23:44Z https://ir.uitm.edu.my/id/eprint/41327/ Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.] iij Ismail, Nor Hazila Mohd Isa, Maizura Mohd Rashid, Mohamed Eskandar Shah Environmental policy and economic development. Sustainable development. Environmental management Poor. Poverty Economic development. Development economics. Economic growth The extreme inequality in the distribution of wealth, income and opportunity undermines and distorts the sharing of prosperity, democracy, economic health and vitality, ecological balance, physical health and culture of the nations. In April 2013, the issue of greater inequalities and social exclusion reckoned to be the result of economic growth led the World Bank to set the new goals, to end extreme poverty and promote shared prosperity. Interestingly, the approach of the contemporary solution is largely in consonance with the maqasid or objectives of the Shari’ah. Islam is a universal religion and addresses the entire mankind not the believers alone. It is, therefore, no surprise that people irrespective of faith do often think along Islamic lines. This study analyzed the impact of the governance from Islamic perspective on poverty, by adopting a cross-country approach. Specifically, the study examined the impact of Islamic governance structures on the poorest quintiles of the population by evaluating the relationship between the factors and the changes in the per capita income of the poor of the developing countries. This study applied panel regression to examine the significance of the pillars of the governance from the Islamic perspective towards the shared prosperity of the developing countries. It is hoped that this study will help determine if the Islamic pillars of the Islamic Governance can serve as an effective mechanism for poverty eradication in the respective countries. UiTM Cawangan Johor 2018 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/41327/1/41327.pdf Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]. (2018) Insight Journal (IJ) <https://ir.uitm.edu.my/view/publication/Insight_Journal_=28IJ=29/>, 2. pp. 72-85. ISSN 2600-8564 https://insightjournal.my/
spellingShingle Environmental policy and economic development. Sustainable development. Environmental management
Poor. Poverty
Economic development. Development economics. Economic growth
Ismail, Nor Hazila
Mohd Isa, Maizura
Mohd Rashid, Mohamed Eskandar Shah
Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]
title Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]
title_full Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]
title_fullStr Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]
title_full_unstemmed Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]
title_short Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]
title_sort promoting shared prosperity in developing countries: the relevance of governance from islamic perspective / nor hazila ismail ... [et al.]
topic Environmental policy and economic development. Sustainable development. Environmental management
Poor. Poverty
Economic development. Development economics. Economic growth
url https://ir.uitm.edu.my/id/eprint/41327/1/41327.pdf
https://ir.uitm.edu.my/id/eprint/41327/
https://insightjournal.my/
url_provider http://ir.uitm.edu.my/