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.
Chapter
1. Towards Maqsid al-Sharah Based Index of Socio-Economic
DevelopmentAn Introduction to the Issues and Literature; Salman Syed Ali.-
Chapter
2. Maqasid-Ush-Shariah: Are we Measuring the Immeasurable?; Rafi
Amir-ud-Din.
Chapter
3. Sharia-based Ethical Performance Measurement
Framework and Relevant Data to Measure Development in the Light of Maqasid
al-Shariah; Houssem eddine Bedoui.
Chapter
4. Consumer Behavior, Consumption
Planning and Objectives of Shari'ah; M Fahim Khan.
Chapter
5. Construction
of Maqasid al-Shariah Based Index of Socio-Economic Development: Principles
and Issues; Junaidah Abu Seman and Nazam Dzolkarnaini.
Chapter
6. Wealth as
an Indicator of Socio-Economic Development: Islamic Views; Asad Zaman,
Atiq-ur-Rehman, and Arif Naveed.
Chapter
7. Identification and
Classification of Maqasid al-Shariah Terms for Socio-Economic Development
Index; Esen, M. Fevzi and Esen, Adem.
Chapter
8. An Index of Well Being
Based on of Maqasid Al-Sharīah and Fuzzy Set Theory; Moussa Larbani and
Ismail Nizam.
Chapter
9. Socio-Economic Philosophy of Conventional and
Islamic Economics: Articulating Hayat-e-Tayyaba Index (HTI) on the Basis of
Maqasid-al-Shariah; Muhammad Mubashir Mukhtar, Hafiz Muhammad Sarfraz Nihal,
Hafiz Abdul Rauf, Waleed Wasti and Muhammad Shahid Qureshi.
Chapter
10.
Islamic Inclusive Growth Index (i-IGI): Measurement and Determinants; Reza
Ghazal and Muhamad Zulkhibri.
Chapter
11. Paradigmatic and Conceptual
Framework for Islamic HDI; Necati Aydin.
Chapter
12. A Structural Model for
Human Development, Does Maqasid al-Sharia Matter!; Mehdi Mili.
Chapter
13.
Assessing Socio-Economic Development Based on Maqasid al-Shariah Principle:
Normative Frameworks, Methods and Pilot Implementation in Indonesia;
Rahmatina Kasri and Habib Ahmed.
Chapter
14. Non-Monetary Poverty
Measurement In Malaysia: A Maqasid Al-Shariah Approach; Mohamed Saladin Abdul
Rasool and Ariffin Mohd Salleh.
Chapter
15. Maqasid Al-Shariah Based
Measurement Index for Socio-Economic Development: A Case Study in North
Sumatra Indonesia; Zainul Fuad and Indra Jaya.
Chapter
16. Theory and an
Application of Maqasid Al-Shariah Based Measurement Index for Socio-Economic
Development: Index Method and Prototype Index; Salman Syed Ali and Hamid
Hasan.
Salman Syed Ali is the lead economist at the Islamic Research and Training Institute at the Islamic Development Bank (IsDB) where he has worked as an economist since 2002. Prior to that, he was Director of Research and Training at International Islamic University, Pakistan. He studied at the International Islamic University Islamabad and the University of Pennsylvania.
