J. A. Seman, Nurul Nazlia Jamil, Azreen Jihan, Che Mohd
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引用次数: 4
Abstract
Financial inclusion is a priority agenda in many countries. While the importance of financial inclusion index is widely recognized, the literature lacks a constructive discussion on its measurement in the light of Islamic finance since it is believed that only by the incorporation of the Shariah-based instruments, the level of access to finance can be improved. The study aims to develop a methodology for the computation of an integrated Islamic finance-based index of financial inclusion in Malaysia. Based on the current measurement of financial inclusion index (IFI) in Malaysia, this study employs a self-administered questionnaire and secondary data from Jabatan Waqaf, Zakat dan Haji (JAWHAR) and Yayasan Waqaf Malaysia (YWM), to measure the integrated Islamic finance based financial inclusion index for year 2011 and 2015. Zakat and cash waqf indicators are added in the index computation to represent Islamic finance components. Depending on the value of the index, a country is classified into four categories; high, above average, moderate or low integrated Islamic finance-based of financial inclusion. It is found that the level of financial inclusion using Islamic finance indicator in Malaysia is above average. The overall index level is increased from 0.49 in year 2011 to 0.55 in year 2015. Interestingly, most of the level of zakat and cash waqf indicator indexes are low which indicate that these channels require specific attention to tackle financial inclusion in Malaysia. It is hoped that the findings would be useful for the development of financial inclusion index using Islamic finance approach and monitoring the impact of zakat and waqf to the society.
普惠金融是许多国家的优先议程。虽然金融包容性指数的重要性得到了广泛认可,但文献中缺乏针对伊斯兰金融的测量方法的建设性讨论,因为人们认为只有通过纳入基于伊斯兰教法的工具,才能提高获得金融的水平。该研究旨在开发一种方法,用于计算马来西亚基于伊斯兰金融的综合金融包容性指数。基于目前马来西亚普惠金融指数(IFI)的测量,本研究采用自我管理的问卷和来自Jabatan Waqaf、Zakat dan Haji (JAWHAR)和Yayasan Waqaf Malaysia (YWM)的辅助数据,测量2011年和2015年基于伊斯兰金融的综合普惠金融指数。在指数计算中加入天课(Zakat)和现金waqf指标,代表伊斯兰金融成分。根据指数的价值,一个国家被分为四类;以普惠金融为基础的综合伊斯兰金融水平高、高于平均水平、中等或低。研究发现,马来西亚伊斯兰金融指标的普惠金融水平高于平均水平。综合指数水平由2011年的0.49提高到2015年的0.55。有趣的是,天课和现金waqf指标指数的大部分水平都很低,这表明这些渠道需要特别关注,以解决马来西亚的金融包容性问题。希望研究结果能对利用伊斯兰金融方法制定金融普惠指数以及监测天课和waqf对社会的影响有所帮助。