Islamic inclusive growth index for the Organisation of Islamic Cooperation (OIC) member countries

On the need to revisit the islamic worldview and to develop a comprehensive measurement for islamic economic performance and social progress based on maqasid al-shari’ah principle,this paper develops an islamic inclusive growth index (i-igi)-a composite index of growth inclusiveness-for the organisation of islamic cooperation (oic) member countries. it comprises of three sub-pillars to measure the countries’ performance based on three building blocks of inclusiveness: i) islamic-adjusted economic growth incorporating maqasid al-shari’ah’s principle; ii) performance of poverty reduction; and ii) performance of the society inequality and social inclusion. the results suggest that oic member countries in the central asia,despite having a good performance on the three pillars of inclusiveness,is lagging behind in terms of its conformity with maqasid al-shari’ah principles. contrarily,the low-income oic member countries in the sub-saharan africa,despite a low ranking on inclusiveness index is performing relatively betteraccording to maqasid al-shari’ah principles. © 2016,statistical economic and social research and.