ISLAMIC ECONOMY, MAQASHID SHARIA HAPPINESS INDEX AND ISLAMIC CITY INDEX

Abstract

This study looks for relevance between Islamic economics, maqashid sharia, happiness index, and Islamic index. The writing method uses discourse analysis as a reading tool to interpret the discourse discussed. The results of this study indicate that the goal of the economy is well-being, which is not only based on material values. have similarities between the Islamic index, happiness and maqashid sharia. Likewise, there is a crucial aspect of the monotheistic view which is inherent in Islam which is not reflected in the happiness and islamicity index. This approach can therefore serve as a productive dialogue to address the common challenges posed by the global market economy and propose more ethical forms of market organizations and institutions, such as employee-owned enterprises and cooperatives. This dialogue can encourage the revival of the non-profit sector and encourage critical introspection of the economy, the Islamic banking and finance industry. Finally, collaborative efforts are needed to transform this model into an Islamic welfare index as a tool for policy makers and as a goal of national and regional cooperation, particularly between Islamic countries.