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Was Shari'ah indeed the culprit?

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  • Cizakca, Murat

Abstract

Why 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.

Suggested Citation

  • Cizakca, Murat, 2010. "Was Shari'ah indeed the culprit?," MPRA Paper 22865, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22865
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    File URL: https://mpra.ub.uni-muenchen.de/22865/1/MPRA_paper_22865.pdf
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    References listed on IDEAS

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    Cited by:

    1. Abbas MIRAKHOR, 2016. "Seyed Kazem Sadr, The Economic System of the Early Islamic Period: Institutions and Policies," Journal of Economic and Social Thought, KSP Journals, vol. 3(3), pages 458-466, September.

    More about this item

    Keywords

    Corporations; Islamic law; Islamic backwardness; Islamic law of inheritance.;

    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

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