scholarly journals Book Review: Prophecy, Piety, and Profits: A Conceptual and Comparative History of Islamic Economic Thought

2018 ◽  
Vol 6 (2) ◽  
pp. 120-123
Author(s):  
Harun Sencal
Keyword(s):  
Economic Thought ◽  
Comparative History ◽  
History Of ◽  
Islamic Economic

The Monetary Thought of Two Sixteenth-Century Muslim Scholars

2008 ◽  
Vol 25 (4) ◽  
pp. 46-60
Author(s):  
Abdul Azim Islahi
Keyword(s):  
Sixteenth Century ◽  
Fifteenth Century ◽  
Economic Thought ◽  
Background Information ◽  
European Monetary ◽  
Ibn Khaldun ◽  
History Of ◽  
The Subject ◽  
Islamic Economic ◽  
Muslim Scholars

Muslim scholars of the sixteenth century continued the tradition of writing on economic issues. Their work, however, is characterized by the period’s overall feature of imitation and repetition and thus reflects hardly any advancement of monetary thought since the works of earlier Muslim scholars. This is clearly reflected in the two representative treatises on money: those of al-Suyuti (d. 1506), written at the beginning of the century, and of al-Tumurtashi (d. 1598), written at its end. The history of Islamic economic thought is a well-researched area of Islamic economics. To the best of our knowledge, however, all such research stopped at the end of the fifteenth century, the age of Ibn Khaldun and al-Maqrizi. The present paper seeks to advance this research and intends to investigate the monetary thought of Muslim scholars during the sixteenth century (corresponding to the hijr¥ years of 906 to 1009.) Beginning with an overview of earlier monetary thought in Islam to provide the necessary background information, it then goes on to note that particular century’s monetary problems in order to provide a perspective for the discussion of monetary thought among Muslim scholars. For the purpose of comparison, European monetary thought of the same period is also analyzed. Due to limitations of time and space, this paper concentrates on the relevant treatises and does not deal with the piecemeal opinions scattered throughout the voluminous corpus of Islamic literature. Thus, it focuses on al-Suyuti and al-Tumurtashi, as I could locate only their two exclusively monetary works. Hopefully this modest initiative will spur others to conduct more extensive research on the subject.

Book Reviews

2015 ◽  
Vol 53 (3) ◽  
pp. 675-677
Keyword(s):  
Economic Thought ◽  
Islamic Tradition ◽  
Medieval Europe ◽  
Production And Distribution ◽  
State Finance ◽  
History Of ◽  
King Abdulaziz University ◽  
Islamic Economic ◽  
Economic Thinking ◽  
Muslim Scholars

Volker Nienhaus of INCEIF reviews “History of Islamic Economic Thought: Contributions of Muslim Scholars to Economic Thought and Analysis”, by Abdul Azim Islahi. The Econlit abstract of this book begins: “Explores the contributions of Muslim scholars to economic thought throughout history and the ways in which Muslim ideas reached the European West. Discusses the phases of the development of Islamic economic thought; the Islamic tradition in economic thought (I)—theories of value, market, and pricing; the Islamic tradition in economic thought (II)—production and distribution; the Islamic tradition in economic thought (III)—money and interest; the Islamic tradition in economic thought (IV) —state, finance, and development; the net addition and impact on economic thinking of medieval Europe; and the links between Muslim thought and mainstream economics.” Islahi is Professor in the Islamic Economics Institute at King Abdulaziz University.

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