Indonesia Conference Directory

It is widely known that the Gross Domestic Product (GDP) has been used as a measurement of a country-s economic performance. However, nowadays many scholars doubt its adequacy in gauging the development of a country. Under this circumstance, several researchers have developed various indicators to measure social and economic progress. As an alternative, the Human Development Index was introduced by UNDP in 1990 to measures a country-s achievements in developments. Furthermore, McKinley (2010) and Hakimian (2012) also have formulated inclusive growth approach to realize the sustainable development, as well as the Islamic scholars such as Dar (2004) who designed The Ethics-Augmented Human Development Index, Anto (2009) with The Islamic Human Development Index, Rehman and Askari (2010) with The Islamicity Index, and Ghazal dan Zulkhibri (2016) with Islamic Inclusive Growth Index. Meanwhile, according to Chapra (2006), there are several factors that interact with each other and affect the development of a country. Therefore, the objective of this paper is to construct a new approach to socio-economic development index using Ibn- Khaldun-s theory of development. His theory is a multidiscipline and dynamic theory, so it can be used to define the multidimensional socio-economics problems and help the county to achieve sustainable development.