A maqasid-based welfare index in Indonesia: an empirical investigation
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...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en en |
| Published: |
Bank Indonesia Institute
2025
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/120663/7/120663_%20A%20maqasid-based%20welfare.pdf http://irep.iium.edu.my/120663/8/120663_%20A%20maqasid-based%20welfare_Scopus.pdf http://irep.iium.edu.my/120663/ https://mail.jimf-bi.org/index.php/JIMF/article/view/2098 https://doi.org/10.21098/jimf.v11i1.2098 |
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| Summary: | 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. |
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