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The Markets in the Early Islamic Era

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Book cover The Economic System of the Early Islamic Period

Part of the book series: Political Economy of Islam ((PEoI))

Abstract

This chapter describes the characteristics of markets in the early stages of Islam and infers their structure, conduct and state of competition. The efficiency of the process of price determination is discussed accordingly. The measures and policies taken to enhance market activities are also described, with particular emphasis on the sanctification of economic activities and its impact on the private sector of the nascent Islamic economy. Finally, the complementary role that markets performed in connection with the Baitu Mal is illustrated.

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Authors and Affiliations

  1. INCEIF—The Global University of Islami, Kuala Lumpur, Malaysia

    Seyed Kazem Sadr

Authors
  1. Seyed Kazem Sadr
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© 2016 The Editor(s) (if applicable) and The Author(s)

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Sadr, S.K. (2016). The Markets in the Early Islamic Era. In: The Economic System of the Early Islamic Period. Political Economy of Islam. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-50733-4_7

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  • DOI: https://doi.org/10.1057/978-1-137-50733-4_7

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  • Publisher Name: Palgrave Macmillan, New York

  • Print ISBN: 978-1-137-51749-4

  • Online ISBN: 978-1-137-50733-4

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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