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Works on market supervision and shar'iyah governance (al-hisbah wa al-siyasah al-shar'iyah) by the sixteenth century scholars

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  • Islahi, Abdul Azim

Abstract

In Islamic tradition two sets of works – al-hisbah and al-siyasah al-shar‛iyah – appeared that proved to be a rich source of economic thought of past Muslim thinkers. Works related to al-hisbah generally discussed socio-economic control, moral and market supervision, prevention of monopolies, check on cheating and fraud and such other corrupting practices, standardization of products, facilitation of the supply of necessities, etc. As far works pertaining to al-siyasah al-shar'iyah are concerned, they generally dealt with the rules of governance, economic role of the state, sources of public revenue, public expenditure (in addition to works exclusively devoted to public finances), maintenance of law and order, internal and external defense, etc. The present paper aims to discuss the state of these two institutions in the sixteenth century and writings on the subject by the scholars of the period.

Suggested Citation

  • Islahi, Abdul Azim, 2006. "Works on market supervision and shar'iyah governance (al-hisbah wa al-siyasah al-shar'iyah) by the sixteenth century scholars," MPRA Paper 18445, University Library of Munich, Germany, revised 25 Nov 2006.
  • Handle: RePEc:pra:mprapa:18445
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    File URL: https://mpra.ub.uni-muenchen.de/18445/1/MPRA_paper_18445.pdf
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    References listed on IDEAS

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    1. Islahi, Abdul Azim, 2005. "Contributions of Muslim Scholars to the History of Economic Thought and Analysis upto 15th Century," MPRA Paper 53462, University Library of Munich, Germany.
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    More about this item

    Keywords

    Market Supervision; Standardization of product; Check on monopoly; public duties; good governance; hisbah; siyasah shar`iyah.;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • H00 - Public Economics - - General - - - General
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

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