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The Economic System of the Early Islamic Period

Author: Seyed Kazem Sadr

Publisher: Springer

Published: 2016-05-23

Total Pages: 322

ISBN-13: 1137507330

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This book provides an economic analysis of the earliest Islamic society, focusing on the policies of the Messenger of Islam (Sawa) and his successors during the first four formative decades of Islam. Two institutions of great importance – the market and the public treasury (Baitul Mal) – and their roles in the development of the private and public sectors are particularly emphasized in this study. The first part of the book is devoted to the economic and cultural dimensions of life in the Arabian Peninsula during the pre-Islamic period, including an analysis of trade and financial relationships with the Roman and Persian economies; the challenges faced by the Messenger’s mission and the economic policies of the Messenger after the migration to Madinah are also examined in detail. The author then moves on to a devoted analysis of the nature and functions of the public treasury, its revenues and expenditures, as well as financial and fiscal policies. Also examined is the role of the public sector in maintaining equilibrium in the financial and real sectors, as well as in promoting economic growth and employment. Analysis of the institution of the market, its characteristics, and its functions during the earliest Islamic period constitutes the third section of the book. The behaviors of consumers, producers, and investors in an economy without an interest rate mechanism are also addressed here. The final section investigates the fundamental objective of Islam for human societies – that is, justice – within the context of discussions in earlier parts of the book. The author uses historical economic data, facts, and evidences that are reported from the period, both prior to and after the establishment of the Islamic State, to explore the economic relations, policies, and models that were in practice and applied at that time.

Book Synopsis The Economic System of the Early Islamic Period by : Seyed Kazem Sadr

Download or read book The Economic System of the Early Islamic Period written by Seyed Kazem Sadr and published by Springer. This book was released on 2016-05-23 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an economic analysis of the earliest Islamic society, focusing on the policies of the Messenger of Islam (Sawa) and his successors during the first four formative decades of Islam. Two institutions of great importance – the market and the public treasury (Baitul Mal) – and their roles in the development of the private and public sectors are particularly emphasized in this study. The first part of the book is devoted to the economic and cultural dimensions of life in the Arabian Peninsula during the pre-Islamic period, including an analysis of trade and financial relationships with the Roman and Persian economies; the challenges faced by the Messenger’s mission and the economic policies of the Messenger after the migration to Madinah are also examined in detail. The author then moves on to a devoted analysis of the nature and functions of the public treasury, its revenues and expenditures, as well as financial and fiscal policies. Also examined is the role of the public sector in maintaining equilibrium in the financial and real sectors, as well as in promoting economic growth and employment. Analysis of the institution of the market, its characteristics, and its functions during the earliest Islamic period constitutes the third section of the book. The behaviors of consumers, producers, and investors in an economy without an interest rate mechanism are also addressed here. The final section investigates the fundamental objective of Islam for human societies – that is, justice – within the context of discussions in earlier parts of the book. The author uses historical economic data, facts, and evidences that are reported from the period, both prior to and after the establishment of the Islamic State, to explore the economic relations, policies, and models that were in practice and applied at that time.

History of Islamic Economic Thought

Author: Abdul Azim Islahi

Publisher: Edward Elgar Publishing

Published: 2014-12-31

Total Pages: 134

ISBN-13: 1784711381

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This unique book highlights the contributions made by Muslim scholars to economic thought throughout history, a topic that has received relatively little attention in mainstream economics. Abdul Azim Islahi discusses various ways in which Muslim ideas

Book Synopsis History of Islamic Economic Thought by : Abdul Azim Islahi

Download or read book History of Islamic Economic Thought written by Abdul Azim Islahi and published by Edward Elgar Publishing. This book was released on 2014-12-31 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book highlights the contributions made by Muslim scholars to economic thought throughout history, a topic that has received relatively little attention in mainstream economics. Abdul Azim Islahi discusses various ways in which Muslim ideas

The Economic System in Islam

Author: Taqī al-Dīn Nabhānī

Publisher:

Published: 2002

Total Pages: 312

ISBN-13:

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This Book Explains The Islamic View Of The Economy And Its Objective, How To Own Property And Increase It, Hoe To Spend And Dispose Of It, How To Distribute The Wealth Amongst The Citizens In Society And How To Establish A Balance Within It. It Its Credit, Has Created Amongst Muslims A Great Awareness Of The Economic System In Islam. Contents Covers- 1. Introduction To Economic System, 2. Economy, 3. Types Of Ownership- Private Ownership, 4. The First Means Of Ownership: Work (`Amal), 5. The Work Of The Employee, 6. The Second Means Of Ownership, 7. The Third Means Of Ownership, 8. The Fourth Means Of Ownership, 9. The Fifth Means Of Ownership, 10. The Way To Dispose Of Property, 11. Trading And Manufacturing, 12. The Laws Of Partnership (Companies), 13. Capitalist Companies, 14. The Prohibited Methods Of Increasing Ownership, 15. Right Of Disposal To Spend In Gifts And Maintenance, 16. Public Property (Al-Milkiyyah Al-Ammah), 17. State Property, 18. Nationalised Property Is Neither Public Nor State Property, 19. Secluding (Hima) The Public Benefits/Utilities, 20.Bfactories, 21. Bait Ul Mal (The State Treasury), 22. Distributing Wealth Among The Peoplpe, 23. Riba And Currency Exchange, 24. Money/Currencies (An-Nuqood), 25. Foreign Trade

Book Synopsis The Economic System in Islam by : Taqī al-Dīn Nabhānī

Download or read book The Economic System in Islam written by Taqī al-Dīn Nabhānī and published by . This book was released on 2002 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book Explains The Islamic View Of The Economy And Its Objective, How To Own Property And Increase It, Hoe To Spend And Dispose Of It, How To Distribute The Wealth Amongst The Citizens In Society And How To Establish A Balance Within It. It Its Credit, Has Created Amongst Muslims A Great Awareness Of The Economic System In Islam. Contents Covers- 1. Introduction To Economic System, 2. Economy, 3. Types Of Ownership- Private Ownership, 4. The First Means Of Ownership: Work (`Amal), 5. The Work Of The Employee, 6. The Second Means Of Ownership, 7. The Third Means Of Ownership, 8. The Fourth Means Of Ownership, 9. The Fifth Means Of Ownership, 10. The Way To Dispose Of Property, 11. Trading And Manufacturing, 12. The Laws Of Partnership (Companies), 13. Capitalist Companies, 14. The Prohibited Methods Of Increasing Ownership, 15. Right Of Disposal To Spend In Gifts And Maintenance, 16. Public Property (Al-Milkiyyah Al-Ammah), 17. State Property, 18. Nationalised Property Is Neither Public Nor State Property, 19. Secluding (Hima) The Public Benefits/Utilities, 20.Bfactories, 21. Bait Ul Mal (The State Treasury), 22. Distributing Wealth Among The Peoplpe, 23. Riba And Currency Exchange, 24. Money/Currencies (An-Nuqood), 25. Foreign Trade

Economic System of Islam

Author: Sh Taqiuddin An Nabhani

Publisher: Createspace Independent Publishing Platform

Published: 2008-10-28

Total Pages: 416

ISBN-13: 9781539994848

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This translation of the Arabic work, Nizam al Iqtisad fil Islam by Sheikh Taqiuddin an-Nabahani is one of the only books available in English that addresses the comprehensive economic system of Islam going beyond the subjects of Islamic finance and addresses how Islam tackles the economic problem from its root.At this critical period when capitalist economic system and rules are being fostered over the Muslims globally and Muslim intellectuals are looking for salvation from the western free market model, there is a pressing need for a clear elucidation of the economic system of Islam. This unique book is an intellectual treasure in this respect being the first book this century to produce a crystal clear picture of the Islamic systemIt explain in fine detail topics such as the Islamic view of economy and its objective, the rule of lands, the need for the gold standard and how foreign trade is to be conducted. The sole sources in adopting the rules mentioned in this book are the book of Allah and the Sunnah of his Messenger (Saw) , Ijma'a As-sahabah and Qiyas.The 298 page book also produces an eloquent rebuttal of both the capitalist and socialist system, exposing their defects and contradiction with Islam.The topics covered in the book include:- Types of Ownership - The Means of Owning Property- The First Means of Ownership: Work ('Amal) - Brokerage and Commission Agency - The work of the employee - Inheritance - The Way to Dispose of Property - Increasing Wealth - The Rule of Lands - Reviving Uncultivated Land- Trading and Manufacturing - The Rules of Partnerships (Companies) - Capitalist Companies - Commercial Companies of Joint Liability (Unlimited Liability Companies) - Joint Stock Companies (Share Companies) - Co-operative Societies - Insurance - Prohibited Methods of Increasing Wealth - Public Property - State Property - The State Treasury (Bait al-Mal) - Zakat - Taxes - Distributing Wealth among the People - Riba - Currency Exchange (Sarf) - The Gold Standard - Foreign Trade

Book Synopsis Economic System of Islam by : Sh Taqiuddin An Nabhani

Download or read book Economic System of Islam written by Sh Taqiuddin An Nabhani and published by Createspace Independent Publishing Platform. This book was released on 2008-10-28 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This translation of the Arabic work, Nizam al Iqtisad fil Islam by Sheikh Taqiuddin an-Nabahani is one of the only books available in English that addresses the comprehensive economic system of Islam going beyond the subjects of Islamic finance and addresses how Islam tackles the economic problem from its root.At this critical period when capitalist economic system and rules are being fostered over the Muslims globally and Muslim intellectuals are looking for salvation from the western free market model, there is a pressing need for a clear elucidation of the economic system of Islam. This unique book is an intellectual treasure in this respect being the first book this century to produce a crystal clear picture of the Islamic systemIt explain in fine detail topics such as the Islamic view of economy and its objective, the rule of lands, the need for the gold standard and how foreign trade is to be conducted. The sole sources in adopting the rules mentioned in this book are the book of Allah and the Sunnah of his Messenger (Saw) , Ijma'a As-sahabah and Qiyas.The 298 page book also produces an eloquent rebuttal of both the capitalist and socialist system, exposing their defects and contradiction with Islam.The topics covered in the book include:- Types of Ownership - The Means of Owning Property- The First Means of Ownership: Work ('Amal) - Brokerage and Commission Agency - The work of the employee - Inheritance - The Way to Dispose of Property - Increasing Wealth - The Rule of Lands - Reviving Uncultivated Land- Trading and Manufacturing - The Rules of Partnerships (Companies) - Capitalist Companies - Commercial Companies of Joint Liability (Unlimited Liability Companies) - Joint Stock Companies (Share Companies) - Co-operative Societies - Insurance - Prohibited Methods of Increasing Wealth - Public Property - State Property - The State Treasury (Bait al-Mal) - Zakat - Taxes - Distributing Wealth among the People - Riba - Currency Exchange (Sarf) - The Gold Standard - Foreign Trade

Economic System Under ʻUmar the Great

Author: Irfan Mahmud Raʻana

Publisher:

Published: 1970

Total Pages: 320

ISBN-13:

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Book Synopsis Economic System Under ʻUmar the Great by : Irfan Mahmud Raʻana

Download or read book Economic System Under ʻUmar the Great written by Irfan Mahmud Raʻana and published by . This book was released on 1970 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Early Islam and the Birth of Capitalism

Author: Benedikt Koehler

Publisher: Lexington Books

Published: 2014-06-17

Total Pages: 239

ISBN-13: 0739188836

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Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics, and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe. Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning; the madrasas were models for the oldest colleges of Oxford and Cambridge. As such, it can be rightfully said that these essential aspects of capitalist thought all have Islamic roots.

Book Synopsis Early Islam and the Birth of Capitalism by : Benedikt Koehler

Download or read book Early Islam and the Birth of Capitalism written by Benedikt Koehler and published by Lexington Books. This book was released on 2014-06-17 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics, and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe. Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning; the madrasas were models for the oldest colleges of Oxford and Cambridge. As such, it can be rightfully said that these essential aspects of capitalist thought all have Islamic roots.

Islam, Authoritarianism, and Underdevelopment

Author: Ahmet T. Kuru

Publisher: Cambridge University Press

Published: 2019-08

Total Pages: 323

ISBN-13: 1108419097

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Analyzes Muslim countries' contemporary problems, particularly violence, authoritarianism, and underdevelopment, comparing their historical levels of development with Western Europe.

Book Synopsis Islam, Authoritarianism, and Underdevelopment by : Ahmet T. Kuru

Download or read book Islam, Authoritarianism, and Underdevelopment written by Ahmet T. Kuru and published by Cambridge University Press. This book was released on 2019-08 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes Muslim countries' contemporary problems, particularly violence, authoritarianism, and underdevelopment, comparing their historical levels of development with Western Europe.

The Making of Islamic Economic Thought

Author: Sami Al-Daghistani

Publisher: Cambridge University Press

Published: 2022-01-06

Total Pages: 337

ISBN-13: 1108997546

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Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

Book Synopsis The Making of Islamic Economic Thought by : Sami Al-Daghistani

Download or read book The Making of Islamic Economic Thought written by Sami Al-Daghistani and published by Cambridge University Press. This book was released on 2022-01-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

Public Finance in Islam

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1989-09-06

Total Pages: 58

ISBN-13: 1451960980

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The paper analyzes the bearing of Islamic teachings on the conduct of fiscal policy. It is shown that Islamic teachings do not prescribe any rigid system of public finance. The major emphasis is on the state’s responsibility to assure at least a basic minimum standard of living for all citizens. The paper deals with issues related to evolution of fiscal policies best suited to achieve this and other Islamic socio-economic objectives in the specific framework of Islamic teachings. The implications of such a system for growth, monetary stability, resource allocation, and pattern of income distribution are also examined.

Book Synopsis Public Finance in Islam by : International Monetary Fund

Download or read book Public Finance in Islam written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-09-06 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the bearing of Islamic teachings on the conduct of fiscal policy. It is shown that Islamic teachings do not prescribe any rigid system of public finance. The major emphasis is on the state’s responsibility to assure at least a basic minimum standard of living for all citizens. The paper deals with issues related to evolution of fiscal policies best suited to achieve this and other Islamic socio-economic objectives in the specific framework of Islamic teachings. The implications of such a system for growth, monetary stability, resource allocation, and pattern of income distribution are also examined.