An Introduction to Combined Index of Economic Justice: An Islamic Approach

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SHAKERI ABBAS; MOMENI FARSHAD; KHADEMALIZADEH AMIR; MAKHZAN MOUSAVI SEYED HADI

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Journal: EGHTESAD-E ISLAMI Year:2019 | Volume:19 | Issue:74 Page(s): 5-33

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Title

An Introduction to Combined Index of Economic Justice: An Islamic Approach

Author(s)

SHAKERI ABBAS | MOMENI FARSHAD | KHADEMALIZADEH AMIR | MAKHZAN MOUSAVI SEYED HADI | Issue Writer Certificate

Keywords

Islamic EconomyQ2

Combined IndexQ1

Economic JusticeQ2

Abstract

There is no issue in Islam which has received significant attention more than the notion of “ justice” and since the primary goal of constituting Islamic regime is the establishment of justice, paying attention to the issue of Economic Justice and tracing the path of justice in the direction of the ideal just status is necessary. The goal of this article, which is authored in accordance with descriptive-analytic method and in the sphere of Islamic thought and economic knowledge, is the formulation and constitution of a Combined Index for Economic Justice with an Islamic approach. The findings of this research indicates that: fair distribution of resources, opportunities and facilities based on merits, with consideration to the right of production resources and agents, and to the right of future generations, allotment of production agents based on their merits and amount of distribution, re-distribution of income and wealth, and consideration to the improvement of society’ s welfare are among the most important factors of Combined Index of Economic Justice with an Islamic approach. In the same way, there is a positive relation, on the one hand, between Physical quality-of-life index, the amount of profiting from welfare facilities, the amount of efficiency of the whole production agents, Amartya Sen’ s index of welfare and appraisal of the investment rate in infrastructural establishments and equipment sector to yielding from underground resources, and a negative relation, on the other hand, between Atkinson’ s index and Foster, Greer, and Thorbecke’ s index and the process of Economic Justice.

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APA: Copy

SHAKERI, ABBAS, MOMENI, FARSHAD, KHADEMALIZADEH, AMIR, & MAKHZAN MOUSAVI, SEYED HADI. (2019). An Introduction to Combined Index of Economic Justice: An Islamic Approach. EGHTESAD-E ISLAMI, 19(74 ), 5-33. SID. https://sid.ir/paper/384910/en

Vancouver: Copy

SHAKERI ABBAS, MOMENI FARSHAD, KHADEMALIZADEH AMIR, MAKHZAN MOUSAVI SEYED HADI. An Introduction to Combined Index of Economic Justice: An Islamic Approach. EGHTESAD-E ISLAMI[Internet]. 2019;19(74 ):5-33. Available from: https://sid.ir/paper/384910/en

IEEE: Copy

ABBAS SHAKERI, FARSHAD MOMENI, AMIR KHADEMALIZADEH, and SEYED HADI MAKHZAN MOUSAVI, “An Introduction to Combined Index of Economic Justice: An Islamic Approach,” EGHTESAD-E ISLAMI, vol. 19, no. 74 , pp. 5–33, 2019, [Online]. Available: https://sid.ir/paper/384910/en

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