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Measuring Deprivation from Maqasid al-Shariah Dimensions in OIC Countries: Ranking and Policy Focus قياس الحرمان من خلال أبعاد مقاصد الشريعة في دول منظمة التعاون الإسلامي: الترتيب ونقاط التركيز السياسية

Author

Listed:
  • Salman Syed Ali

    (Senior Economist, Islamic Research and Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia)

  • Hamid Hasan

    (Assistant Professor, International Institute of Islamic Economics, International Islamic University Islamabad, Pakistan)

Abstract

While economists have established the link between values and economy, it has been ignored in popular measures of socio-economic development. The paper proposes a complementary values-based index to existing value-neutral indices on socio-economic development and formulates a 3-stage policy to reduce deprivation from maqasid al-Shariah (the objectives of Islamic law) dimensions in OIC (Organization of Islamic Cooperation) countries by setting up absolute and relative policy targets. It explores the policy focus for maqasid al-Shariah (MS) dimensions by ranking OIC countries using recent World Values Survey (WVS wave 6). The paper contributes by extending the frontiers of knowledge in multiple ways. It is the first to propose the use of an MS index from a policy perspective. It outlines selection criteria for choosing indicators within Shariah perspective. It constructs a Maqasid al-Shariah Deprivation Perception Index (MSDPI), using the Alkire-Foster dual-cut-off counting methodology, which is easily replicable using data from a single publicly available authentic source. The results show not only the ranking of countries but also points out the dimensions in which improvements are required for comprehensive development by setting absolute and relative targets for policy intervention. في الوقت الذي أقر الاقتصاديون بوجود صلة بين القيم والاقتصاد، فقد تم تجاهل هذا الأمر في المقاييس السائدة للتنمية الاقتصادية والاجتماعية. تقترح هذه الورقة مؤشرًا مكملاً يستند إلى القيم كبديل لمؤشرات التنمية الاقتصادية والاجتماعية الموجودة (الخالية من القيم)، فضلاً عن صياغة سياسة اقتصادية ذات ثلاث مراحل لدول منظمة المؤتمر الإسلامي (OIC) للحد من القصور المترتب عن استبعاد مقاصد الشريعة الإسلامية من خلال أهداف مطلقة ونسبية للسياسات الاقتصادية. وفي هذا السياق، تستكشف الورقة محل اهتمام السياسات الاقتصادية بمقاصد الشريعة الإسلامية، حيث جرى ترتيب دول منظمة التعاون الإسلامي (OIC) وفق مسح القيم العالمية (World Values Survey) الحالي (WVS wave 6). وبذلك تساهم هذه الورقة في توسيع حدود المعرفة بطرق متعددة: فهي تقترح ابتداءً استخدام مؤشر لمقاصد الشريعة الإسلامية من منظور السياسات الاقتصادية وتحدد معايير اختيار هذا المؤشر، وانتهاءً ببناء مؤشر لقياس أثر استبعاد مقاصد الشريعة الإسلامية اعتمادًا على منهجية dual-cut off counting لـ Alkire-Foster. ومن ميزات هذا المؤشر أنه يمكن تكراره وتطبيقه على الدول المختلفة بسهولة باستخدام بيانات من مصدر واحد موثق متاح للجميع. ولم تظهر النتائج التي تم التوصل إليها ترتيب البلاد فحسب، وإنما أشارت كذلك إلى المجالات التي ينبغي إدخال تحسينات عليها بوضع أهداف مطلقة ونسبية عبر تدخلات السياسات الاقتصادية وصولاً لتحقيق التنمية الشاملة.

Suggested Citation

  • Salman Syed Ali & Hamid Hasan, 2018. "Measuring Deprivation from Maqasid al-Shariah Dimensions in OIC Countries: Ranking and Policy Focus قياس الحرمان من خلال أبعاد مقاصد الشريعة في دول منظمة التعاون الإسلامي: الترتيب ونقاط التركيز السياس," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(1), pages 3-26, January.
    • Handle: RePEc:abd:kauiea:v:31:y:2018:i:1:no:1:p:3-26
    DOI: 10.4197/Islec.31-1.1
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    References listed on IDEAS

    as
    1. McCleary, Rachel & Barro, Robert, 2003. "Religion and Economic Growth across Countries," Scholarly Articles 3708464, Harvard University Department of Economics.
    2. Rehman Scheherazade S. & Askari Hossein, 2010. "How Islamic are Islamic Countries?," Global Economy Journal, De Gruyter, vol. 10(2), pages 1-40, May.
    3. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
    4. Alkire, Sabina & Foster, James, 2011. "Counting and multidimensional poverty measurement," Journal of Public Economics, Elsevier, vol. 95(7-8), pages 476-487, August.
    5. World Bank, 2017. "Monitoring Global Poverty," World Bank Publications - Books, The World Bank Group, number 25141.
    6. Chapra, Mohammad Umar, 2008. "The Islamic Vision of Development in the Light of the Maqasid Al-Shari'ah (Research Paper)," Occasional Papers 235, The Islamic Research and Teaching Institute (IRTI).
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    Cited by:

    1. Salman Syed Ali & Hamid Hasan, 2019. "Does Religiosity Affect Multidimensional Poverty? Evidence from World Values Survey (2010-2014) هل يؤثر التدين على الفقر متعدد الأبعاد؟ أدلة من المسح العالمي للقيم (2014-2010م)," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(2), pages 3-24, January.
    2. Arman Mergaliyev & Mehmet Asutay & Alija Avdukic & Yusuf Karbhari, 2021. "Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants," Journal of Business Ethics, Springer, vol. 170(4), pages 797-834, May.
    3. Burhanuddin Yusuf & Ali Rama, 2019. "Construction of Islamic Human Development Index بناء مؤشر التنمية البشرية الإسلامية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(1), pages 43-64, January.

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    More about this item

    Keywords

    Maqasid al-Shariah; Multidimensional Poverty; Welfare; Policy. مقاصد الشريعة، الفقر متعدد الأبعاد، الرفاه، السياسة.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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