ISLAMIC DEVELOPMENT INDEX

This study discusses the relation of Islam with economic development. Based on Islamic values, aims to create an alternative international development index. The variables used were chosen as proxy representing principles and values derived from Quran Sunnah, two primary sources Islam. data obtained databases statistically standardized. index was prepared over main categories, material spiritual development, a composite called Development Index (IDI) by taking averages both. ranking covers 148 countries for which could be 2018. In research, level is measured universal provided belief. does not have purpose or pursuit country/society Muslim how much. paper has been discussed creed, religious rituals, belief practices societies individuals. research revealed significant gap between theory practice. theoretically critical resource However, in practice, cannot benefit this sufficiently. According results obtained, lower than non-Islamic states both