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

In: Towards a Maqāṣid al-Sharīʿah Index of Socio-Economic Development

Author

Listed:
  • Houssem Eddine Bedoui

    (Islamic Development Bank Group
    Ecole Normale Superieure)

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.

Suggested Citation

  • Houssem Eddine Bedoui, 2019. "Sharīʿah-Based Ethical Performance Measurement Framework and Relevant Data to Measure Development in Light of Maqāṣid al-Sharīʿah," Palgrave Studies in Islamic Banking, Finance and Economics, in: Salman Syed Ali (ed.), Towards a Maqāṣid al-Sharīʿah Index of Socio-Economic Development, chapter 0, pages 55-123, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-3-030-12793-0_3
    DOI: 10.1007/978-3-030-12793-0_3
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