Maqasid-al-Shariah-based socio-economic development index (SCECDI): The case of some selected Islamic economies / Sana Ullah and Adiqa Kausar Kiani

Ullah, Sana and Kiani, Adiqa Kausar (2017) Maqasid-al-Shariah-based socio-economic development index (SCECDI): The case of some selected Islamic economies / Sana Ullah and Adiqa Kausar Kiani. Journal of Emerging Economies & Islamic Research, 5 (3). pp. 1-13. ISSN 2289-2559

Abstract

The main objective of this study is to develop a socio-economic development index (SCECDI), which is composed of social development index (SCDI) and economic development index (ECDI). For the analysis, we have included 14 Islamic countries which are Afghanistan, Bahrain, Bangladesh, Egypt, Indonesia, Iran, Kuwait, Malaysia, Morocco, Pakistan, Qatar, Saudi Arabia, Turkey and U.A.E for the years 2010 and 2015.Pakistan’s spending on education and health is quite low during last
five years on average, while value added agriculture is the highest among all Muslim countries. Meanwhile, spending on health and education in Saudi Arabia is quite high, besides having quite high export value added and capital formation. These are required for better economic development. Highest educational profile is observed in Malaysia, while the employment rate is highest in Kuwait among all. We have diversified the summary profile for all countries of the variables included for the analysis in the study. Expected outcome is that those Islamic economies which have better economic conditions, will have more than 0.50 values for SCECDI, while others may have the value in between 0-0.50. We also demonstrate the importance of SCECDI focusing the dynamic characteristics of all Islamic countries included in the study.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Ullah, Sana
UNSPECIFIED
Kiani, Adiqa Kausar
UNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Demography. Population. Vital events
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289-2559
Volume: 5
Number: 3
Page Range: pp. 1-13
Keywords: Maqasid-al-Shariah, Socio-economic development index
Date: September 2017
URI: https://ir.uitm.edu.my/id/eprint/32230
Edit Item
Edit Item

Download

[thumbnail of AJ_SANA ULLAH JEEIR B 17.pdf] Text
AJ_SANA ULLAH JEEIR B 17.pdf

Download (317kB)

ID Number

32230

Indexing

Statistic

Statistic details