The Impact of Investment, Inflation, and Productive Zakat on the Welfare of People in Medan

This study aims to analyze the impact of Investment, Inflation, and Productive Zakat on the Welfare of the Community in Medan City. The research employed a quantitative method using Ordinary Least Squares (OLS) regression. Secondary data from BPS, BAZNAZ National, and PNM Medan for the period 2018-2023 were utilized. Data analysis involved multiple linear regression models supported by classic assumption tests, conducted using Eviews version 12. The results indicate that investment and productive zakat have a positive and significant influence on the welfare of the community in Medan City from 2018 to 2023. However, inflation negatively and significantly affects community welfare during the same period. Future research should consider integrating other economic factors such as per capita income, income distribution, and social inequality.

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Publication Details

Journal
Quantitative Economics and Management Studies
Published
2024-08-10
DOI
https://doi.org/10.35877/454ri.qems2821
Citations
2
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
1.89
Controls
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article

The Impact of Investment, Inflation, and Productive Zakat on the Welfare of People in Medan

Imsar Imsar, Aqwa Naser Daulay, Mhd. Habrul Aji
2 citations
Quantitative Economics and Management Studies
Islamic Finance and Banking Studies
1.89
article

The Impact of Investment, Inflation, and Productive Zakat on the Welfare of People in Medan

Imsar Imsar, Aqwa Naser Daulay, Mhd. Habrul Aji
article en
2 citations

Abstract

This study aims to analyze the impact of Investment, Inflation, and Productive Zakat on the Welfare of the Community in Medan City. The research employed a quantitative method using Ordinary Least Squares (OLS) regression. Secondary data from BPS, BAZNAZ National, and PNM Medan for the period 2018-2023 were utilized. Data analysis involved multiple linear regression models supported by classic assumption tests, conducted using Eviews version 12. The results indicate that investment and productive zakat have a positive and significant influence on the welfare of the community in Medan City from 2018 to 2023. However, inflation negatively and significantly affects community welfare during the same period. Future research should consider integrating other economic factors such as per capita income, income distribution, and social inequality.

Quantitative Economics and Management StudiesVol. 5(5)
North Sumatra Islamic University (ID)
No poverty
Openalex Percentile: Top 12%
Islamic Finance and Banking Studies
1.89
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