ZAKAT AND ECONOMIC DEVELOPMENT: STUDY IN THREE MUSLIM COUNTRIES IN SOUTHEAST ASIA

The objective of this study is to analyze the effect zakat on per capita income as one indicator economic development. data analyzed by Cobb-Douglas production function and panel analysis model. Study findings show that significantly positively affect income. This also found compared Foreign Direct Investment (FDI), most popular instrument government increase development, has a greater coefficient. In addition, Muslims majority population average unable contribute However, they could seen from in amount collection.