Was Shari'ah indeed the culprit?
AbstractWhy is the Islamic world, once the centre the medieval world, now lagging so far behind? The importance of the topic has attracted economic historians trying to explain this dramatic story of economic decline. Among the various explanations those provided by Kuran concerning the alleged rigidity of Islamic jurisprudence and the Islamic law of inheritance are best known. In this article I will closely examine his views and provide an alternative explanation as to why Islamic companies could not expand beyond a certain size during the early modern age.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22865.
Date of creation: 2010
Date of revision:
Corporations; Islamic law; Islamic backwardness; Islamic law of inheritance.;
Find related papers by JEL classification:
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- N00 - Economic History - - General - - - General
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-04 (All new papers)
- NEP-ARA-2010-06-04 (MENA - Middle East & North Africa)
- NEP-CWA-2010-06-04 (Central & Western Asia)
- NEP-HIS-2010-06-04 (Business, Economic & Financial History)
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