Concurrent users
Unlimited
Authorized users
Authorized users
Document Delivery Supplied
Can lend chapters, not whole ebooks
Title
The economic system of the early Islamic period : institutions and policies / Seyed Kazem Sadr.
ISBN
9781137507334 (electronic book)
1137507330 (electronic book)
9781137517494
Published
[New York] : Palgrave Macmillan, [2016]
Language
English
Description
1 online resource.
Other Standard Identifiers
9781137517494
Call Number
BP173.75
Dewey Decimal Classification
297.19785
Summary
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.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Vendor-supplied metadata.
Series
Political economy of Islam.
Part One: The Arabian Peninsula on the Eve of the Introduction of Islam
Chapter 1 Economic and Cultural Situation of the Arabian Peninsula Prior to Islam
Chapter 2 Invitation to Islam
Chapter 3 Migration of the Holy Prophet (SAAS) to Madinah and Formation of an Islamic Government
Part Two: Public Treasury and Public Finance
Chapter 4 The Public Treasury (Baitul Mal) and the Governing System
Chapter 5 Revenues and Expenditures of the Islamic Treasury
Chapter 6 Money and Finance in the Early Islamic Era
Part Three: Markets and the Private Sector
Chapter 7 Markets in the Early Islamic Era
Chapter 8 Consumption Theory
Chapter 9 Production Theory
Chapter 10 Exchange
Chapter 11 Investment and Saving during the Early Islamic Era
Part Four: Justice
Chapter 12 Efficiency and Justice.
