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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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