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Markets in Islam

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Prophecy, Piety, and Profits

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Abstract

This chapter seeks to examine the notion of an ideal market market as informed and envisioned by Islamic scripture and tradition. The chapter highlights key institutional and behavioral characteristics of this Islamic notion, under the headings of exchange and character, respectively. An Islamic formulation of markets is essentially religious in nature, where market participants are primarily driven by their faith and piety.

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Authors and Affiliations

  1. Economics, The University of Michigan - Dearborn, Dearborn, MI, USA

    Ayman Reda

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  1. Ayman Reda
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Reda, A. (2018). Markets in Islam. In: Prophecy, Piety, and Profits. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-56825-0_25

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  • DOI: https://doi.org/10.1057/978-1-137-56825-0_25

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  • Publisher Name: Palgrave Macmillan, New York

  • Print ISBN: 978-1-137-56824-3

  • Online ISBN: 978-1-137-56825-0

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

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