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

Ismail, Nor Hazila and Mohd Isa, Maizura and Mohd Rashid, Mohamed Eskandar Shah (2018) Promoting shared prosperity in developing countries: the relevance of governance from Islamic perspective / Nor Hazila Ismail ... [et al.]. Insight Journal, 2. pp. 72-85. ISSN 2600-8564

Abstract

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.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Ismail, Nor Hazila
UNSPECIFIED
Mohd Isa, Maizura
UNSPECIFIED
Mohd Rashid, Mohamed Eskandar Shah
UNSPECIFIED
Contributors:
Contribution
Name
Email / ID Num.
Editor
Zainon, Assoc. Prof Dr. Saunah
UNSPECIFIED
Editor
Raja Ahmad, Dr. Raja Adzrin
UNSPECIFIED
Editor
Soo Kum Yoke, Assoc. Prof. Dr. Carolyn
UNSPECIFIED
Editor
Kadri, Assoc. Prof. Dr Mohd Halim
UNSPECIFIED
Editor
Mohd Ariff Albakri, Assoc. Prof. Dr. Intan Safinas
UNSPECIFIED
Editor
Shamsuddin, Assoc. Prof. Dr. Hj Amanuddin
UNSPECIFIED
Editor
Che Yaakob, Assoc. Prof. Ahmad Nawawi
UNSPECIFIED
Editor
Ismail, Dr. Noriah
UNSPECIFIED
Editor
Khairani, Dr. Noor Sufiawati
UNSPECIFIED
Editor
Othman, Dr. Akmal Aini
UNSPECIFIED
Editor
Ismail, Dr Norashikin
UNSPECIFIED
Editor
Ahmad, Dr Syahrul Ahmar
UNSPECIFIED
Editor
Misman, Dr. Faridah Najuna
UNSPECIFIED
Subjects: H Social Sciences > HC Economic History and Conditions > Environmental policy and economic development. Sustainable development. Environmental management
H Social Sciences > HC Economic History and Conditions > Poor. Poverty
H Social Sciences > HD Industries. Land use. Labor > Economic development. Development economics. Economic growth
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus
Journal or Publication Title: Insight Journal
UiTM Journal Collections: UiTM Journal > INSIGHT Journal (IJ)
ISSN: 2600-8564
Volume: 2
Page Range: pp. 72-85
Related URLs:
Keywords: Poverty; Shared Prosperity; Developing countries; UiTM Cawangan Johor
Date: 2018
URI: https://ir.uitm.edu.my/id/eprint/41327
Edit Item
Edit Item

Download

[thumbnail of 41327.pdf] Text
41327.pdf

Download (3MB)

ID Number

41327

Indexing

|

Statistic

Statistic details