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Markets in Islam

In: Prophecy, Piety, and Profits

Author

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  • Ayman Reda

    (The University of Michigan - Dearborn)

Abstract

This chapter seeks to examine the notion of an ideal marketmarket 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.

Suggested Citation

  • Ayman Reda, 2018. "Markets in Islam," Palgrave Studies in Islamic Banking, Finance and Economics, in: Prophecy, Piety, and Profits, chapter 0, pages 361-384, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-56825-0_25
    DOI: 10.1057/978-1-137-56825-0_25
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