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A Maqasid-Based Welfare Index In Indonesia:An Empirical Investigation

Author

Listed:
  • Muhammad Sri Wahyudi Suliswanto

    (Universitas Muhammadiyah Malang, Indonesia)

  • Mohd. Mahyudi

    (University Malaysia, Malaysia)

  • Mohd. Nizam Barom

    (University Malaysia, Malaysia)

Abstract

Acknowledging the importance of having an alternative welfare measurement to the prevailing material-based conventional welfare index, this study formulates a maqasid-based welfare index that encapsulates the material, spiritual, and social needs of individuals and then calculates the index for all regions in Indonesia. Our proposed index is based on a comprehensive set of maqasid indicators and on appropriate weighting of each maqasid indicator to arrive at the index scores for all regions in the country. From the results, four provinces in Indonesia are at the high level of Maqasid-based welfare. They are Aceh, Nusa Tenggara Barat, Gorontalo, and Sulawesi Barat. Meanwhile, twenty-five provinces are at the medium range of welfare. The index we compute for each region should prove useful as it would allow policymakers to tailor welfare strategies to each province’s strong and weak areas of the maqasid al-shariah.

Suggested Citation

  • Muhammad Sri Wahyudi Suliswanto & Mohd. Mahyudi & Mohd. Nizam Barom, 2025. "A Maqasid-Based Welfare Index In Indonesia:An Empirical Investigation," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 11(1), pages 119-146, March.
    • Handle: RePEc:idn:jimfjn:v:11:y:2025:i:1f:p:119-146
    DOI: https://doi.org/10.21098/jimf.v11i1.2098
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    More about this item

    Keywords

    Maqasid-based welfare; Welfare measurement; Welfare index;
    All these keywords.

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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