Monetary System of The Arab Islamic State in The Book Taj Al-Arous from Jawaher Al-Qamoos by Al-Zubaidi (1205 AH / 1790 AD)

Abstract

The monetary system has been the lifeblood of human societies throughout history, so many of the people of these societies have tried to uncover its transactions and formulate theories that are consistent with their needs, with the aim of creating economic solidarity that guarantees the rights of the poor and provides them with what they need, in addition to organizing the process of economic speculation in markets and other types of activities in the labor market. However, these theories, despite all the efforts made in them, remained incapable of achieving their goal. Islam came to bless people with its goodness, providing them with mature theories in all areas of life, and their maturity comes from being divine theories that wanted to ensure the balance of human needs, not only human beings, but the entire universe. The current research presents the statement of the financial credit systems in the Islamic state, such as transfer, mortgage, advance, company, and banking.