Money in Classical Islam: Legal Theory and Economic Practice
Abstract The present study examines the conception of money in classical Islamic law, specifically the relationship between scholarly discourses on money and actual economic practice. I shall argue that the theoretical concept of money was to some extent a fiction. Muslim jurists conceived of money...
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| Medienart: | Elektronisch Aufsatz |
| Sprache: | Englisch |
| Verfügbarkeit prüfen: | HBZ Gateway |
| Journals Online & Print: | Lade...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Veröffentlicht: |
Brill
2018
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| In: |
Islamic law and society
Jahr: 2018, Band: 25, Heft: 4, Seiten: 427-466 |
| weitere Schlagwörter: | B
Money
B Coins B Currency B Weber |
| Online Zugang: |
Volltext (JSTOR) Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
| Zusammenfassung: | Abstract The present study examines the conception of money in classical Islamic law, specifically the relationship between scholarly discourses on money and actual economic practice. I shall argue that the theoretical concept of money was to some extent a fiction. Muslim jurists conceived of money in terms of a three-tier currency system that involved gold dinars, silver dirhams and copper fulūs. The market was much more complex. A wide range of coins of various metallic content, weight and value circulated. In the first part of the study I describe the complexity of Islamic money markets. In the second part, I investigate how scholars reacted to the gap between theory and practice and posit some tentative conclusions about the relationship between Islamic law and practice. |
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| ISSN: | 1568-5195 |
| Enthält: | Enthalten in: Islamic law and society
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| Persistent identifiers: | DOI: 10.1163/15685195-00254A03 |