SOCIOECONOMIC DEVELOPMENT IN MUSLIM COUNTRIES: IBN KHALDUN’S DEVELOPMENT MODEL-BASED APPROACH

This study constructs a measure of socioeconomic development in Muslim countries based on Ibn Khaldun’s model development. It proposes composite index three dimensions, namely human empowerment, government and institution, economic growth, terms it as Khaldun-based (I-SDI). A total 13 indicators are selected to represent each dimension employed for construction the using an equal weighted method additive aggregation approach. In generally, we note that many underperformed., indicated by low value I-SDI. We further find perform well institution dimensions tend experience better believe proposed I-SDI is non-redundant robust hence can be utilized alternative way measuring countries. other words, exceptionally meaningful explaining socio-economic performance