views in his writings
References
Chapter III: Just Price, Market Mechanism and Price Regulation
A. Just price
1. Origin of the idea of just price
2. The concept of just price in early Fiqh literature
3. Ibn Taimīyah on just compensation and just price
B. Market mechanism
C. Price regulation
1. Price regulation and Islamic jurists
2. Price fixing by the Prophet, peace be upon him
3. Price regulation policy as suggested by Ibn Taimīyah
4. Summary
References
Chapter IV: Ibn Taimīyah on Property Right
A. Concept of property right in different systems
1. Property right in Roman law
2. Property right in Greek philosophy
3. Christianity and scholastic philosophers
B. Islamic approach
1. Salient features of the Islamic concept of property
C. Ibn Taimīyah’s views
1. Individual property rights
2. Social or collective property
3. State property
4. Ibn Taimīyah’s views compared with others
5. His treatment of wealth and poverty
References
Chapter V: Ibn Taimīyah’s Conception of Interest and Money
A. Interest in different systems
1. Judaism and Christianity on interest
2. Interest in Greek philosophy and Roman law
3. Interest in the Middle Ages
B. Islamic teachings
1. The conventional form of interest or ribā al-jāhilīyah
2. Meaning of the Qur’ānic term al-ribā
3. Ribā al-faḍl and ribā al-nasī’ ah
C. Ibn Taimīyah’s recognition of the Economic reason for the prohibition of interest
1. Reason for prohibition of ribā al-faḍl and ribā al-nasī’ah
2. Ibn al-Qayyim’s recognition of the economic grounds for the prohibition of ribā al-faḍl and ribā al-nasī’ah
3. Ascertainment of a common economic and juristic cause (‘illah) in commodities of ribā al-faḍl and ribā al-nasī’ ah
4. Techniques to circumvent Islamic teachings on ribā
5. Transfer of money and interest
6. Contrast between interest and zakāh
D. Ibn Taimīyah’s concept of money and monetary policy
1. Nature and function of money
2. Debasement of currency
3. ‘Bad money drives out good money’
E. Oresme’s treatise
References
Chapter VI: Ibn Taimīyah’s Views on Partnership and Other Forms of Economic Organization
A. Economic activities in Islam
1. Divine guidance about economic activities
B. Partnership in the medieval West
C. Two types of economic activity distinguished by Ibn Taimīyah
1. Justice in partnership
2. Partnership in land cultivation or sharecropping (muzāra‘ah)
D. Iqṭā‘: allotment of land by the state
E. Rebate due to natural calamity (waḍa‘ al-jawā’ iḥ)
F. Prohibited contracts
References
Chapter VII: Role of the State in Economic Life
A. The need for a state
1. Goals of the Islamic state
2. The state and justice
B. Power of the state to secure its goals – the state vs. individual freedom
1. Eradication of poverty
2. Regulation of the market
3. Monetary policy
4. Economic planning
C. The institution of the ḥisbah
1. Origin and brief history
2. Works on the ḥisbah
3. Economic functions of the muḥtasib
D. The Islamic welfare state
References
Chapter VIII: Ibn Taimīyah on Public Finance
A. Public finance in the early Islamic state
1. Sources of public revenue
2. Expansion in the sources of income
3. Financial administration
B. Public finance during Ibn Taimīyah’s time
1. Sources of income
2. Financial administration
3. Pattern of expenditure
C. Ibn Taimīyah’s approach
D. Ibn Taimīyah’s account of revenue
1. Three different views on public finance
2. Three kinds of public revenue
3. Collection and administration
E. Ibn Taimīyah’s account of public expenditure
1. Distribution of ghanīmah
2. Expenditure of zakāh