By Seyed Kazem Sadr
This publication offers an financial research of the earliest Islamic society, targeting the rules of the Messenger of Islam (Sawa) and his successors throughout the first 4 formative many years of Islam. associations of significant value – the marketplace and the general public treasury (Baitul Mal) – and their roles within the improvement of the personal and public sectors are really emphasised during this learn. the 1st a part of the ebook is dedicated to the industrial and cultural dimensions of existence within the Arabian Peninsula throughout the pre-Islamic interval, together with an research of exchange and monetary relationships with the Roman and Persian economies; the demanding situations confronted by way of the Messenger’s undertaking and the commercial regulations of the Messenger after the migration to Madinah also are tested intimately. the writer then strikes directly to a loyal research of the character and features of the general public treasury, its sales and expenses, in addition to monetary and financial guidelines. additionally tested is the function of the general public area in protecting equilibrium within the monetary and genuine sectors, in addition to in selling monetary progress and employment. research of the establishment of the marketplace, its features, and its services throughout the earliest Islamic interval constitutes the 3rd component of the ebook. The behaviors of shoppers, manufacturers, and traders in an economic system with no an rate of interest mechanism also are addressed right here. the ultimate part investigates the basic goal of Islam for human societies – that's, justice – in the context of discussions in prior elements of the publication. the writer makes use of ancient financial information, evidence, and evidences which are mentioned from the interval, either sooner than and after the institution of the Islamic nation, to discover the industrial kin, guidelines, and versions that have been in perform and utilized at that time.
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Additional resources for The Economic System of the Early Islamic Period: Institutions and Policies
He gave up monotheism and converted the Ka’ba into a house of idols (Ayati, 7). The Arabs followed suit and, consequently, idolatry replaced monotheism in the Arabian Peninsula. The Arabian era of ignorance began right here. Although all the ancestors of the Messenger of Islam were monotheists and used to invite Arabs to believe in a single god, nevertheless, these calls had no significant impact on their inspirations. Monotheism and idolatry became the basis for Arabian behavior and conduct, with paradigms observed in the ruling era of Abdul-Mottalib, the grandfather of the Prophet of Islam.
Qom: Dar ut Tabligh Islami. Tabatabaei, Seyed Muhammad Hossein; Al-Mizan fi Tafseer ul Qur’an, Mohammadi publication, Tehran. Tabari, Muhammad ibn Jorair. 1362/1983. ttarikh Tabari, Translated by Abulghasem Payandeh, Asateer, Tehran. Yaqoubi, Ahmad Bin Ishagh. 1338/1959. Tarikh-e Yaghoubi. Translated by Muhammad Ebrahim Ayati. Tehran: Translation and Publication Center. CHAPTER 2 Invitation to Islam 1 INTRODUCTION The Messenger of Islam, after moving to Madinah, formed an Islamic community and founded an Islamic social system.
Makkah was a commercial city with no cultivation or agriculture. Boycotting trades with a group meant depriving them of having access to food and other supplies. These sanctions lasted for three years, during which the Quraysh repeatedly advised Abu-Talib, the principal supporter of the Messenger, that if he could make his nephew surrender, only then would they lift their sanctions. Abu-Talib never surrendered to their will and continued his support. Finally, after three years, the Prophet (SAAS) informed his uncle that all the clauses of the contract letter of Quraysh has been eaten off by the termites except for the word: “Bismek Allahomma ”ﺑﺴﻤﮏ ﺍﻟﻠﻬﻢ.
The Economic System of the Early Islamic Period: Institutions and Policies by Seyed Kazem Sadr