Islamic Economics: A Short History

the abbasìd’s golden age 183 with the culture of generosity of the day as well as being a con- tributing factor towards strength ...

184 chapter five figure, imposing a fixed monetary tax on a commodity would increase the price per unit by the amount of tax; fr ...

the abbasìd’s golden age 185 UshrTax Still under land taxation, the ushrland tax was the land tax, the rate of which was one-ten ...

186 chapter five Abù-Yùsuf ’s view would put all lands outside Arabia, either owned by Muslims or not, on an equal footing. The ...

the abbasìd’s golden age 187 throughout the Islamic state? Or did he want to tax the land in Arabia in that particular manner, b ...

188 chapter five would argue that it was more likely that Abù-Yùsuf ’s main aim was to put that land in to good use. Keen to see ...

the abbasìd’s golden age 189 it, becomes its legitimate owner, and (b) the caliph may grant from this land to whom he wishes, le ...

190 chapter five practice of an intermediary holding himself responsible for the required payment, paying it to the government o ...

the abbasìd’s golden age 191 ining the base and rate of tax, Abù-Yùsuf, reiterated the rules of the Sharì"ah which have been est ...

192 chapter five The shares of the poor and destitute must be distributed to those entitled to receive them from the people who ...

the abbasìd’s golden age 193 On the administration side, once more Abù-Yùsuf emphasised the need for observing efficiency in the ...

194 chapter five Public Administration “Law and Order” Various chapters of Abù-Yùsuf ’s treatise could be categorised under this ...

the abbasìd’s golden age 195 Abù-Yùsuf ’s view was that all such leases were allowed and valid. He regarded them as sharing in p ...

196 chapter five Pricing, scarcity and value The general rule of determining prices by market forces is affirmed by Abù-Yùsuf. P ...

the abbasìd’s golden age 197 and (f ) the book could still be regarded as a reference book by the standards of today. For that, ...

198 chapter five said to be 30,000 dirham, most of which is said to have been spent on learning as he devoted most of his time t ...

the abbasìd’s golden age 199 clothing and housing, or as he put it, “eating, drinking, clothing and sheltering from the cold and ...

200 chapter five behavior from an Islamic perspective (see Chapter 9). One would point out, however, that these levels of consum ...

the abbasìd’s golden age 201 ated in relation to these funds on the other, the careful analyst is advised to look into the quest ...

202 chapter five Messengers who had vocational occupations and argued that these occupations could not have been inferior to oth ...