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Table of contents (12 chapters)
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Front Matter
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Arabian Peninsula in the Eve of the Introduction of Islam
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Front Matter
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Public Treasury and Public Finance
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Front Matter
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Market and the Private Sector
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Front Matter
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Justice
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Front Matter
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Back Matter
Keywords
About this book
Reviews
“Seyed Kazem Sadr has made a great analytic contribution to the study of economic policies of the earliest period of Islam. The depth of knowledge and experience of the author has made the book a valuable, highly rigorous presentation of these policies and their impact. The book establishes the benchmark against which the performance of economic and social policies of Muslim societies can be measured. This is a must-read for anyone interested in understanding the devastating, accumulated adverse impact of the path-dependent divergence from the spirit and letter of the policies implemented by the Messenger. Immensely valuable also is the set of policy recommendations that flow from the superb coverage of economic analysis of the intentions of policies implemented by the Messenger.” (Abbas Mirakhor, First Holder Chair in Islamic Finance, INCEIF - The Global University of Islamic Finance, Malaysia)
“Seyed Kazem Sadr’s book is invaluable and scholarly, affording unique insight into the Islamic economic system in its purest form, as established by the Prophet in Medina. It will help Muslims question, debate, and engage their teachers, and in turn rediscover their own religion. While the Prophet’s interpretation of the Quranic economic system is indispensable, there is very little scholarly work on the subject. Sadr has made a major contribution by affording the world a rare glimpse into the birth of Islam in the Arabian Peninsula. It is a must-read for anyone wishing to learn about how the Islamic system should be practiced.” (Hossein Askari, Iran Professor of International Business and International Affairs, George Washington University, USA)
“We should be thankful to Seyed Kazem Sadr for sharing the fruits of his painstaking research on the economic system of the early Islamic period. This valuable research sets the stage for understanding the theory at work for and insight into laying the foundation of an Islamic economy. This book is definitely one of very few authentic and significant works on the topic and is an invaluable resource for the researchers of Islamic economics and finance, and policy makers interested in the introduction and implementation of an economy based on Islamic principles.” (Zamir Iqbal, Head, World Bank Global Islamic Finance Development Center, Istanbul, Turkey)
“This book is not just a descriptive exposition of the economic system which prevailed in the early Islamic period. It drills into the underlying concepts and theories that are familiar in the economic discipline, such as consumption, production, savings and investments, markets, public treasury, and the administration of justice and efficiency. It is a very significant and useful addition to the literature, not only as a reference but even as a text for Islamic Economics, a discipline that is gaining more ground globally by the day.” (Datuk Dr Syed Othman Alhabshi, Deputy President Academic, INCEIF - The Global University of Islamic Finance, Malaysia)
"Most Islamic economists ignore Islamic economic history and therefore fail to understand how Islamic economies actually functioned in the past. Seyed Kazem Sadr is one of those rare scholars who combines Islamic economic history and Islamic economics. In this book you will find an excellent explanation of the economic conditions prevailing in the Arabian Peninsula before Islam, the formation of the Islamic state, as well as the measures adopted to develop its economy. Fiscal and monetary policies of the early Islamic era are explored. The author then moves on from these historical analyses to develop a theory of modern Islamic economy. In short, the emphasis of the book evolves from how it was to how it should be. As such, this is an indispensable book for all those who wish to understand Islamic economic history and modern Islamic economics." (Murat Cizakca,Emeritus Professor, INCEIF - The Global University of Islamic Finance, Malaysia; and Adjunct Professor of Islamic Finance, University of Luxembourg)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: The Economic System of the Early Islamic Period
Book Subtitle: Institutions and Policies
Authors: Seyed Kazem Sadr
Series Title: Political Economy of Islam
DOI: https://doi.org/10.1057/978-1-137-50733-4
Publisher: Palgrave Macmillan New York
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-51749-4Published: 24 May 2016
eBook ISBN: 978-1-137-50733-4Published: 23 May 2016
Series ISSN: 2945-6479
Series E-ISSN: 2945-6487
Edition Number: 1
Number of Pages: XXI, 311
Number of Illustrations: 41 illustrations in colour
Topics: Political Economy/Economic Systems, Economic History, History of the Middle East, Islam, Ancient History