Sharīʿah-Based Ethical Performance Measurement Framework and Relevant Data to Measure Development in Light of Maqāṣid al-Sharīʿah

Houssem Eddine Bedoui ()
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Houssem Eddine Bedoui: Islamic Development Bank Group

Chapter Chapter 3 in Towards a Maqāṣid al-Sharīʿah Index of Socio-Economic Development, 2019, pp 55-123 from Palgrave Macmillan

Abstract: Abstract The paper presents a measure of a SocioEconomic Development Index based on Maqāṣid al-Sharīʿah. This index is an alternative to the existing human and socioeconomic development indices. Carlucci and Pisani (1995) argue that the three dimensions suggested by the UNDP to measure development are unsatisfactory and we should be prepared to consider more components to measure human development. Indeed, measuring development based on Maqāṣid al-Sharīʿah was seen half-finished due to the lack of the fundamental data. The suggested index is based on the five Maqāṣid al-Sharīʿah defined by Al-Ghazali (Al-Ghazali, A. 1109 [1937]. “al-Mustasfa”. Cairo: al-Maktabah al-Tijariyyah al-Kubra) (1109 [1937]): Enrichment of Human self (Ḥifẓ Nafs). Enrichment of Posterity (Ḥifẓ Nasl). Enrichment of Intellect (Ḥifẓ ʿAql). Development of Wealth (Ḥifẓ Māl). Enrichment of Faith (Ḥifẓ Dīn). The paper brings together varied available indicators from diverse recognized indices and database. The data are selected based on its relevance with the five dimensions. The global index measured helped ranking countries.

Keywords: Socioeconomics; Human Development Index; Welfare Economics; Socioeconomic development; Maqāṣid al-Sharīʿah; Z12; Z13; O47; D63; C43 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-030-12793-0_3

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DOI: 10.1007/978-3-030-12793-0_3

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