Towards a Maqāṣid al-Sharīʿah Index of Socio-Economic Development: Theory and Application
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Islamic economics, which is a discipline for studying economic behaviour from an Islamic perspective, advocates comprehensive human development defined by advancement and progress in multiple dimensions beyond GDP, income, or standard of living. Not only should socio-economic progress be in all dimensions but it should also have a higher purpose. A society is considered economically and socially developed if adequate protections are provided for faith, life, intellect, progeny, and wealth. This concept of balanced progress itself is an important idea recognized by the sociologists. However, the same has so far not been measured or used in policy making by economists. Similarly, lack of adequate protections in a society along these dimensions indicates poverty which is another way of measuring slack in development. The chapters in this edited volume deal with conceptualization of socio-economic development on these lines, and show how to measure socio-economic development in a comprehensive way. The book will be of interest to academics in the fields of economics, economic development, and Islamic economics. It will also be of interest to policy makers engaged in economic development, social progress, and poverty alleviation. Front Matter ....Pages i-xxv Towards Maqāṣid al-Sharīʿah-Based Index of Socio-Economic Development: An Introduction to the Issues and Literature (Salman Syed Ali)....Pages 1-20 Maqāṣid al-Sharīʿah: Are We Measuring the Immeasurable? (Rafi Amir-ud-Din)....Pages 21-53 Sharīʿah-Based Ethical Performance Measurement Framework and Relevant Data to Measure Development in Light of Maqāṣid al-Sharīʿah (Houssem Eddine Bedoui)....Pages 55-123 Consumer Behaviour, Consumption Planning and Objectives of Sharīʿah (Fahim M. Khan)....Pages 125-157 Construction of Maqāṣid al-Sharīʿah-Based Index of Socio-Economic Development: Principles and Issues (Junaidah Abu Seman, Nazam Dzolkarnaini)....Pages 159-188 Wealth as an Indicator of Socio-Economic Welfare: Islamic Views (Asad Zaman, Arif Naveed, Atiq ur Rehman)....Pages 189-205 Maqāṣid al-Sharīʿah for Socioeconomic Development Index: A Statistical Approach (M. Fevzi Esen, Adem Esen)....Pages 207-230 An Index of Well-Being Based on Maqāṣid al-Sharīʿah and Fuzzy Set Theory (Moussa Larbani, Ismail Nizam)....Pages 231-248 Socioeconomic Philosophy of Conventional and Islamic Economics: Articulating Hayat-e-Tayyaba Index (HTI) on the Basis of Maqāṣid al-Sharīʿah (Muhammad Mubashir Mukhtar, Hafiz Muhammad Sarfraz Nihal, Hafiz Abdul Rauf, Waleed Wasti, Muhammad Shahid Qureshi)....Pages 249-284 Islamic Inclusive Growth Index (i-IGI): Measurement and Determinants (Reza Ghazal, Muhamed Zulkhibri)....Pages 285-309 Paradigmatic and Conceptual Framework for Islamic HDI (Necati Aydin)....Pages 311-330 A Structural Model for Human Development, Does Maqāṣid al-Sharīʿah Matter! (Mehdi Mili)....Pages 331-348 Assessing Socio-Economic Development Based on Maqāṣid al-Sharīʿah Principles: Normative Frameworks, Methods and Pilot Implementation in Indonesia (Rahmatina Kasri, Habib Ahmed)....Pages 349-378 Non-Monetary Poverty Measurement in Malaysia: A Maqāṣid al-Sharīʿah Approach (Mohamed Saladin Abdul Rasool, Ariffin Mohd Salleh)....Pages 379-390 Theory and an Application of Maqāṣid al-Sharīʿah-Based Measurement Index for Socio-Economic Development: Index Method and Prototype Index (Salman Syed Ali, Hamid Hasan)....Pages 391-410 Back Matter ....Pages 411-418
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