Research on Humanities and Social Sciences www.
iiste.
org
ISSN 2224-5766(Paper) ISSN 2225-0484(Online)
Vol.
1, No.
2, 2011
23 | P a g e
www.
iiste.
org
Effects of Spiritual Capital On Muslim Economy: The Case of
Malaysia
Muhammad-Bashir Yusuf
Ph.
D...
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Research on Humanities and Social Sciences www.
iiste.
org
ISSN 2224-5766(Paper) ISSN 2225-0484(Online)
Vol.
1, No.
2, 2011
23 | P a g e
www.
iiste.
org
Effects of Spiritual Capital On Muslim Economy: The Case of
Malaysia
Muhammad-Bashir Yusuf
Ph.
D Student, Department of Economics, Kulliyah of Economics and Management Sciences, International
Islamic University, Malaysia.
yusufmbo2007@yahoo.
com
Abstract
This paper examines how spiritual capital can influence peoples’ economy.
It focuses on how coming
together of Malay based on their Islamic believe has projected the economy of once despised set of people to
a nation the world are looking up to champion the Islamic economic renaissance in the world.
The study
looked at three Islamic institutions in Malaysia that have both direct and indirect effects on the economy of
Malay as Muslims and the overall effect on the Malaysia in general.
The institutions studied are Islamic
financial institutions, the Zakat institutions and the Waqaf
Less
