ZAKAT as one of fiscal Policy Means and its Impact in Some Indicators of Economic Activity - Towards an Analytic and Quantitative Approach of Algerian and Malaysian Experience-,

Abstract

This study aims at highlighting the importance of ZAKAT as one of fiscal Policy Means through a building a quantitative model relating ZAKAT as an explicative variable to growth rates and unemployment as a dependent variables in Malaysia and Algeria. Homogeneity tests of the researcher HASIAO have confirmed the total Heterogeneity between states composing PANEL model (Algeria and Malaysia); this has necessitated us to estimate the various quantitative models to each state separately, this study resulted that ZAKAT in Algeria is still unsatisfied level which would contribute to increase the size of economic growth rates and to decrease the unemployment, concerning Malaysia increasing level of the annual revenue for ZAKAT by 1 %; will led to increase the economic growth rates in Malaysia by 0.51 %, and to decrease the unemployment rates by 0.26 %, so that ZAKAT can be considered one of Fiscal Policy Means in Malaysian economic model, in addition this study has includes a set of recommendations which would resolve some deficiencies facing Algerian Fund of ZAKAT according to Malaysian experience.