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Economic thought of Ibn al-Qayyim (1292–1350)


  • Islahi, Abdul Azim


This paper seeks to report and analyse the economic thought of Ibn al-Qayyim, a great thinker of Islam. He discussed mainly the problems of price control, market mechanism, supervision of economic activities (al-hisbah), riches and poverty, interest and zakah, at different places in his numerous works. The main considerations before him were realisation of welfare, social interest, establishment of justice and elimination of exploitation and hardship from economic life.

Suggested Citation

  • Islahi, Abdul Azim, 1982. "Economic thought of Ibn al-Qayyim (1292–1350)," MPRA Paper 41369, University Library of Munich, Germany, revised 1984.
  • Handle: RePEc:pra:mprapa:41369

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    References listed on IDEAS

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    5. Abdulkadiroglu, Atila & Sonmez, Tayfun, 1999. "House Allocation with Existing Tenants," Journal of Economic Theory, Elsevier, vol. 88(2), pages 233-260, October.
    6. Atila Abdulkadiroglu & Tayfun Sönmez, 2003. "School Choice: A Mechanism Design Approach," American Economic Review, American Economic Association, vol. 93(3), pages 729-747, June.
    7. Ergin, Haluk I., 2000. "Consistency in house allocation problems," Journal of Mathematical Economics, Elsevier, vol. 34(1), pages 77-97, August.
    8. Kesten, Onur, 2006. "On two competing mechanisms for priority-based allocation problems," Journal of Economic Theory, Elsevier, vol. 127(1), pages 155-171, March.
    9. Chun, Youngsub & Thomson, William, 1988. "Monotonicity properties of bargaining solutions when applied to economics," Mathematical Social Sciences, Elsevier, vol. 15(1), pages 11-27, February.
    10. Balinski, Michel & Sonmez, Tayfun, 1999. "A Tale of Two Mechanisms: Student Placement," Journal of Economic Theory, Elsevier, vol. 84(1), pages 73-94, January.
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    Cited by:

    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.
    2. aislahi, Abdul Azim, 1989. "Stages of socio-economic development: Shah Wali-Allah's concept of al-irtifaqat," MPRA Paper 29628, University Library of Munich, Germany, revised 1990.
    3. Abdul Azim Islahi, 2014. "History of Islamic Economic Thought," Books, Edward Elgar Publishing, number 16105.
    4. Islahi, Abdul Azim, 2001. "An analytical study of al-Ghazali’s thought on money and interest," MPRA Paper 41438, University Library of Munich, Germany, revised 2001.

    More about this item


    History of Islamic Economic Thought; Economic Philosophy of Islam; Poverty and Zuhd; Economic Significance of Zakah; Interest - Riba al-Fadl and Riba al-Nasi `ah; al-Hisbah;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches


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