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Markets in Islam

  • Ayman Reda
Chapter
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)

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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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ayman Reda
    • 1
  1. 1.EconomicsThe University of Michigan - DearbornDearbornUSA

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