Suliswanto, Muhammad Sri Wahyudi and Mohd Yusop, Mohd Mahyudi and Barom, Mohd. Nizam (2025) A maqasid-based welfare index in Indonesia: an empirical investigation. JOURNAL OF ISLAMIC MONETARY ECONOMICS AND FINANCE, 11 (1). pp. 119-146. ISSN 2460-6146 E-ISSN 2460-6618
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Abstract
Acknowledging the importance of having an alternative welfare measurement to the prevailing material-based conventional welfare index, this study formulates a maqasidbased 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 Maqasidbased 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.
| Item Type: | Article (Journal) |
|---|---|
| Uncontrolled Keywords: | Maqasid-based welfare, Welfare measurement, Welfare index |
| Subjects: | BPH Islamic Economics BPH Islamic Economics > BPH104 Islam and poverty BPH Islamic Economics > BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences |
| Depositing User: | Dr. Mohd Mahyudi Mohd Yusop |
| Date Deposited: | 22 Apr 2025 10:24 |
| Last Modified: | 22 Apr 2025 10:24 |
| URI: | http://irep.iium.edu.my/id/eprint/120663 |
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