Construction Of CIBEST Model as Measurement of Poverty and Welfare Indices From Islamic Perspective

Irfan Syauqi Beik (Center of Islamic Business and Economic Studies, Bogor Agricultural University)
Laily Dwi Arsyianti (Center of Islamic Business and Economic Studies, Bogor Agricultural University)

Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
Vol 7, No 1: January 2015

One of the major challenges faced by most of the Islamic countries is poverty. This paper attempts to construct the concept of poverty and welfare standards based on Islamic perspective.The study tries to cover both material and spiritual dimensions. These standards are based on CIBEST Quadrant, which is divided into four quadrants: welfare quadrant (I), material poverty quadrant (II), spiritual poverty quadrant (III) and absolute poverty quadrant (IV). Determination of these quadrants is resulted from criteria and indicators of basic material needs and basic spiritual needs. By using household as unit of analysis, this study is able to developCIBEST Model comprising welfare index,  material  poverty  index,  spiritual  poverty  index,  and  absolute  poverty index. Mathematical formula and illustration of the indices are also elaborated to strengthen the concept.DOI:10.15408/aiq.v7i1.1361