Introducing an Islamic human development index (I-HDI) to measure development in OIC countries
Author
Source
Issue
Vol. 19, Issue 2 (31 Dec. 2011), pp.69-95, 27 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2011-12-31
Country of Publication
Saudi Arabia
No. of Pages
27
Main Subjects
Financial and Accounting Sciences
Topics
- Banks
- Islamic jurisprudence
- Human development
- Economic development
- Islam
- Development indicators
- Financing
- Islamic World
- Religious aspects
- Banking
- Organisation of Islamic Cooperation
Abstract EN
Human development and welfare of human being has a pivotal place in Islamic development concept.
Majority of Islamic scholars come to the conclusion that the objective of the Shar ah (Maq id al-Shar ah) is to promote well-being of all mankind, which lies in safeguarding faith, their human self, their intellect, their posterity and their wealth.
Consequently, the human development in Islamic perspective must be based on Maq id al- Shar ah. The existing Human Development Index (HDI) published by UNDP might be the most comprehensive indicator, but is not fully compatible and sufficient for measuring human development in Islamic perspective.
The underlying theory and concept to develop HDI is not based on Maq id al-Shar ah. Measuring human development level of Muslim countries would be more appropriate by using a specific Islamic Human Development Index (IHDI).
This paper is aimed to (i) construct a new measurement of human development under Islamic perspective, and then (ii) simulate this index to measure human development level in OIC countries The findings show that the rank composition between I-HDI and HDI is slightly different.
On one hand, a number of countries enjoy a better rank in I-HDI compared with HDI.
On the other hand, several countries suffer a marked deterioration of rank.
The high score group in I-HDI is still dominated mostly by Middle East Countries and the bottom line is still dominated by African Countries.
In general, the contribution of material welfare index (MWI) in the whole I-HDI is superior which indicate the importance of material resources.
American Psychological Association (APA)
Antu, M. B. Hindri. 2011. Introducing an Islamic human development index (I-HDI) to measure development in OIC countries. Islamic Economic Studies،Vol. 19, no. 2, pp.69-95.
https://search.emarefa.net/detail/BIM-328575
Modern Language Association (MLA)
Antu, M. B. Hindri. Introducing an Islamic human development index (I-HDI) to measure development in OIC countries. Islamic Economic Studies Vol. 19, no. 2 (Dec. 2011), pp.69-95.
https://search.emarefa.net/detail/BIM-328575
American Medical Association (AMA)
Antu, M. B. Hindri. Introducing an Islamic human development index (I-HDI) to measure development in OIC countries. Islamic Economic Studies. 2011. Vol. 19, no. 2, pp.69-95.
https://search.emarefa.net/detail/BIM-328575
Data Type
Journal Articles
Language
English
Notes
Includes appendix : p. 95
Record ID
BIM-328575