Islamicity Indices: A Moral Compass for Reform and Effective Institutions

Authors

  • Hossein Askari

DOI:

https://doi.org/10.32332/ijie.v1i01.1574

Keywords:

Islamicity Indices, Economic Islamicity Index, Islamic Insitutions

Abstract

“Islamicity Indices” are based on the Islamic teachings of the holy Qur’an and the Hadiths. Islam’s foundational teachings are summarized; the rules that follow are deduced; and then the important institutions that these teachings and rules indicate are identified.These rules and institutions are in turn then used to construct indices for measuring the degree of Islamicity—the reflection and manifestation of these teachings in a community or a country.The purpose of “Islamicity Indices” is to provide a compass for fundamental economic, social and legal reforms—a compass that embodies quantifiable goals and targets that can be negotiated, results that can be monitored and assessed and policies that can be modified to achieve the set targets. Importantly, these indices can open up a debate among Muslims about the deeper meaning of their religion and going well beyond its more mechanical requirements andsuch a debate, based on quantified Islamic teachings, cannot be easily dismissed by those in power.When non-Muslim and Muslim countries are compared, the indices indicate that New Zealand, Australia, Canada and the countries of Northern Europe occupy the top ten positions in adopting Islamic rules for their foundation. These are countries that are generally regarded as the most successful socio-economic countries. Thus the problem is not with Islam but with Muslims as they do not uphold the rules, which translate into institutions, recommended in Islam. The results of these indices since 2000 show the failure of most Muslim countries and the urgent need for sustained reform.

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Published

2019-08-26

How to Cite

Islamicity Indices: A Moral Compass for Reform and Effective Institutions (H. Askari , Trans.). (2019). International Journal of Islamic Economics, 1(01), 1-29. https://doi.org/10.32332/ijie.v1i01.1574

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