The theory of maqasid al-Shari'ah theorizes interrelationships among the five universal maqasid (namely hifzu d?n, hifzu nafs, hifzu nasl, hifzul msl and hifzul 'aql). According to the theory of maqasid al-Shari'ah propounded by Al-Iman Ghazali and Al-Imam Shatibi which was later further extended into contemporary socio-economic context by Chapra (2009), there are interrelationships among the maqasid. Statistical modelling of these relationships to understand the strengths and directions of the relationships will provide new knowledge and will strengthen the theory of maqasid al-Shari'ah with empirical scientific evidence. As of recent times, the discussions on these interrelationships are purely normative in nature. Theory testing based on statistical methods are very limited. Therefore, this paper concentrates on testing the theorized relationships in the theory of maqasid al-Shari'ah using Confirmatory Factor Analysis (CFA) and Structural Equation Modelling (SEM). A sample of 325 Muslim respondents is involved in collecting data using a pre-designed questionnaire using the Chapra (2009) framework. The paper proposes a Structural Equation Model of maqasid al-Shari'ah theory will provide useful insights in making socio-economic policies and measuring the performance of those socio-economic policies.