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The economic system of the early Islamic period = institutions and policies /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The economic system of the early Islamic period/ by Seyed Kazem Sadr.
Reminder of title:	institutions and policies /
Author:	Sadr, Seyed Kazem.
Published:	New York :Palgrave Macmillan US : : 2016.,
Description:	xxi, 311 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Islam - Economic aspects - Arabian Peninsula. -
Subject:	Arabian Peninsula - Social life and customs. -
Online resource:	http://dx.doi.org/10.1057/978-1-137-50733-4
ISBN:	9781137507334

The economic system of the early Islamic period = institutions and policies /
Sadr, Seyed Kazem.

The economic system of the early Islamic periodinstitutions and policies /[electronic resource] :by Seyed Kazem Sadr. - New York :Palgrave Macmillan US :2016. - xxi, 311 p. :ill., digital ;24 cm. - Political economy of Islam. - 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.

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.

ISBN: 9781137507334

Standard No.: 10.1057/978-1-137-50733-4doiSubjects--Topical Terms:

1108914
Islam
--Economic aspects--Arabian Peninsula.Subjects--Geographical Terms:

950920
Arabian Peninsula
--Social life and customs.

LC Class. No.: HC415.3 / .S23 2016

Dewey Class. No.: 330.95302

The economic system of the early Islamic period = institutions and policies /
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