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The Markets in the Early Islamic Era

  • Seyed Kazem Sadr
Chapter
Part of the Political Economy of Islam book series (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.

Keywords

Arabian Peninsula Private Good Price Determination Excess Capacity Free Entry 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • Seyed Kazem Sadr
    • 1
  1. 1.INCEIF—The Global University of IslamiKuala LumpurMalaysia

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