The Synthetic Index of Truthfulness in Islamic Market

A study of the market conditions and evaluating the degree of its conformity with the desired Islamic market requires providing calculational indexes. The present paper provides synthetic index of truthfulness which is one of the indexes of evaluating market conditions. This index measures the contributory, process and compensatory variables of truthfulness in cognitive, structural and behavioral field. By truthfulness, we mean an acquired moral habitus which manifests itself in the relationship between one and oneself, one and God, one and others, and one and environment, and ensures conformity between one’s sayings, writings and behavior. Market truthfulness means that the interaction between suppliers and demanders, physical environment, light reflection way of displaying goods and the atmosphere dominating the market are so realistic that no deviation or twist from truth will be noticed in the market, and if, for some reasons a deviation, the market will have the flexibility required for compensation. The proposed synthetic index of truthfulness is a weight mean of "cognition index" which consists of four indicators as contributory index: "order and law- centeredness index", "ethics domination index" with its own indicators as the index of timely information circulation, and "options index" as the index of compensation for market deficiency or deliberate concealment.