Research Output

Construction of Maqāṣid al-Sharīʿah-Based Index of Socio-Economic Development: Principles and Issues

  The promotion of achieving Maqāṣid al-Sharīʿah through socio economic development is considered an agenda priority in many countries especially where Muslims population is dominant. This paper addresses the dimensions and indicators related to the computation of Maqāṣid al-Sharīʿah-based index. It is developed based on five pillars of Maqāṣid al-Sharīʿah, namely human self (nafs), faith (din), intellect (ʿaql), posterity (nasl) and wealth (māl). Based on prior studies computing financial inclusion index, the issue of data is similarly expected in building the Maqāṣid al-Sharīʿah-based index. While numerous amounts of data are available on many aspects of the financial sector, systematic indicators of inclusiveness of the financial sector are not. As a consequence, the paper also examines the data available to compute the Maqāṣid al-Sharīʿah-based index as well as issues pertaining to it.

  • Date:

    15 July 2019

  • Publication Status:

    In Press

  • DOI:

    10.1007/978-3-030-12793-0_5

  • Library of Congress:

    HJ Public Finance

  • Dewey Decimal Classification:

    332 Financial economics

  • Funders:

    Edinburgh Napier Funded

Citation

Abu Seman, J., & Dzolkarnaini, N. (in press). Construction of Maqāṣid al-Sharīʿah-Based Index of Socio-Economic Development: Principles and Issues. In S. Syed Ali (Ed.), Towards a Maqasid al-Shariah Index of Socio-Economic Development: Theory and ApplicationPalgrave Macmillan. https://doi.org/10.1007/978-3-030-12793-0_5

Authors

Keywords

Index, Maqāṣid al-Sharīʿah , Socio-economic development

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