Decision making tools for resource allocation based on Maqid Al- Sharah

The major focus of past literature on Al-Maqid was on developing the theory, and most of the discussion centered on its legal dimensions. The pioneering works emanated from scholars such as, Al-Juwayni (n.d), Al-Ghazali (1901), Al-Shatibi (n.d), Ibn ‘Ashur (1998) and Ibn Taymiyyah (al-Raysuni, 1992)...

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Main Authors:	Larbani, Moussa, Omar Mohamad, Mustafa
Format:	Article
Language:	English
Published:	Islamic Research and Training Institute (IRTI), Islamic Development Bank 2011
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods
Online Access:	http://irep.iium.edu.my/35213/ http://irep.iium.edu.my/35213/ http://irep.iium.edu.my/35213/12/Decision_Making_Tools_for_Resource_Allocation.pdf

id	iium-35213
recordtype	eprints
spelling	iium-352132015-03-19T08:39:49Z http://irep.iium.edu.my/35213/ Decision making tools for resource allocation based on Maqid Al- Sharah Larbani, Moussa Omar Mohamad, Mustafa HB131 Methodology.Mathematical economics. Quantitative methods The major focus of past literature on Al-Maqid was on developing the theory, and most of the discussion centered on its legal dimensions. The pioneering works emanated from scholars such as, Al-Juwayni (n.d), Al-Ghazali (1901), Al-Shatibi (n.d), Ibn ‘Ashur (1998) and Ibn Taymiyyah (al-Raysuni, 1992). Recently, the application of Al-Maqid in various disciplines including economics and finance has been gaining prominence. Among the leading economists who have written on the subject, to mention a few are Chapra (1985; 2004), Siddiqi (2000), Ahmad (2000), Atya (2003), Hasan (2004) and Al-Najjar (2008). Their works however, relate Al-Maqid to the discipline of economics in a broad theoretical framework. Dusuki (2005) went a step further relating Al-Maqid to Corporate Social Responsibility. Hameed et al. (2005) tried to develop what they termed as ‘Islamicity Disclosure Index’ to measure and compare the performances of two Islamic banks. A refined work by Mustafa et al. (2008) developed a quantitative performance measure for Islamic banking from the theory of Al-Maqid. The present study is taking Al-Maqid a step further. It develops a decision making tool based on Al-Maqid al-Sharah and their levels of Malaah for the managers of firms to use in allocating their investible resources to vital sectors of the economy. The developed model can be extended to other decision making problems. Thus, this contribution opens a new direction of research: the analytic operationalization of Al-Maqid al-Sharah. Islamic Research and Training Institute (IRTI), Islamic Development Bank 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/35213/12/Decision_Making_Tools_for_Resource_Allocation.pdf Larbani, Moussa and Omar Mohamad, Mustafa (2011) Decision making tools for resource allocation based on Maqid Al- Sharah. Islamic Economic Studies, 19 (2). pp. 51-68. ISSN 1319-1616 http://iiibf.org/elief-ies.html
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB131 Methodology.Mathematical economics. Quantitative methods
spellingShingle	HB131 Methodology.Mathematical economics. Quantitative methods Larbani, Moussa Omar Mohamad, Mustafa Decision making tools for resource allocation based on Maqid Al- Sharah
description	The major focus of past literature on Al-Maqid was on developing the theory, and most of the discussion centered on its legal dimensions. The pioneering works emanated from scholars such as, Al-Juwayni (n.d), Al-Ghazali (1901), Al-Shatibi (n.d), Ibn ‘Ashur (1998) and Ibn Taymiyyah (al-Raysuni, 1992). Recently, the application of Al-Maqid in various disciplines including economics and finance has been gaining prominence. Among the leading economists who have written on the subject, to mention a few are Chapra (1985; 2004), Siddiqi (2000), Ahmad (2000), Atya (2003), Hasan (2004) and Al-Najjar (2008). Their works however, relate Al-Maqid to the discipline of economics in a broad theoretical framework. Dusuki (2005) went a step further relating Al-Maqid to Corporate Social Responsibility. Hameed et al. (2005) tried to develop what they termed as ‘Islamicity Disclosure Index’ to measure and compare the performances of two Islamic banks. A refined work by Mustafa et al. (2008) developed a quantitative performance measure for Islamic banking from the theory of Al-Maqid. The present study is taking Al-Maqid a step further. It develops a decision making tool based on Al-Maqid al-Sharah and their levels of Malaah for the managers of firms to use in allocating their investible resources to vital sectors of the economy. The developed model can be extended to other decision making problems. Thus, this contribution opens a new direction of research: the analytic operationalization of Al-Maqid al-Sharah.
format	Article
author	Larbani, Moussa Omar Mohamad, Mustafa
author_facet	Larbani, Moussa Omar Mohamad, Mustafa
author_sort	Larbani, Moussa
title	Decision making tools for resource allocation based on Maqid Al- Sharah
title_short	Decision making tools for resource allocation based on Maqid Al- Sharah
title_full	Decision making tools for resource allocation based on Maqid Al- Sharah
title_fullStr	Decision making tools for resource allocation based on Maqid Al- Sharah
title_full_unstemmed	Decision making tools for resource allocation based on Maqid Al- Sharah
title_sort	decision making tools for resource allocation based on maqid al- sharah
publisher	Islamic Research and Training Institute (IRTI), Islamic Development Bank
publishDate	2011
url	http://irep.iium.edu.my/35213/ http://irep.iium.edu.my/35213/ http://irep.iium.edu.my/35213/12/Decision_Making_Tools_for_Resource_Allocation.pdf
first_indexed	2023-09-18T20:50:33Z
last_indexed	2023-09-18T20:50:33Z
_version_	1777409964839534592

Decision making tools for resource allocation based on Maqid Al- Sharah

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