Abstract
This study examines the theoretical framework, develops
axioms and a method to gauge socio-economic development in line with
maq¯as.
id al-Shar¯ı‘ah. The measure is disaggregated and multidimensional
to facilitate policy guidance at various levels of aggregation. The study
applies Alkire-Foster counting methodology to construct maq¯as.
id alShar¯ı‘ah Index using World Values Survey data for Pakistan. Results based
on maq¯as.
id al-Shar¯ı‘ah head count index show that 39% of the population
is falling short of desirable level in maq¯as.
id al-Shar¯ı‘ah. Intensity index
of maq¯as.
id al-Shar¯ı‘ah (MS) reveals that the average poor person with
regard to MS is deprived in 31% of the indicators. The multidimensional
poverty in terms of maq¯as.
id al-Shar¯ı‘ah is 12% in which the contribution
of posterity is lowest (4.20%) and that of property is the highest (50%)
suggesting a need to improve protection of wealth in MS sense in Pakistan.
Comparing with the multidimensional poverty calculated by the Oxford
Poverty and Human Development Initiative (OPHI) and United Nations
Development Programme (UNDP), Pakistan performs better in maq¯as.
id
al-Shar¯ı‘ah based-Index related to multidimensional poverty, as well as
in the incidence and average intensity of poverty. Maq¯as.
id al-Shar¯ı‘ah
based-Index uses more dimensions and higher thresholds for deprivation
cut-off as compared to OPHI and UNDP index, yet the poverty numbers
are lower. This shows a better socio-economic condition in Pakistan in the
dimensions of maq¯as.
id al-Shar¯ı‘ah.
Hamid Hasan, Salman Syed Ali, Malik Muhammad. (2018) Towards a Maqasid al-Shariah based Development Index, Journal of Islamic Business and Management, Volume 8, Issue 1.
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