FRAUDULENT BUSINESS PRACTICES IN EARLY ISLAM AS REPORTED IN A CLASSICAL TEXT

  • Ahmad Che Yaacob Universiti Teknologi MARA
  • Normah Omar Accounting Research Institute, Universiti Teknologi MARA, Malaysia

Abstract

The main purpose of this paper is to elucidate some fraudulent businesspractices in early Islam. The reference material is an edited manuscriptentitled Kitab al-Nazar wa al-Ahkam fi Jami Ahwal al-Suq (Book onsupervision and legal decision on matters related to the market). Thebook, which deals with the subject of market supervision, is considered theearliest of its kind. The book was a compilation of legal opinions of a Malikischolar Yahya ibn Umar (d. 289H/901CE), who was asked about variousmatters relating to business practices during his time. The fact that theselegal opinions are made based on understanding of Islamic law it shouldbe differentiated from ordinary works of fiqh. In fact the book deals withreal situation in the business during that times and describes actions takenby the officer in charge.
Published
Jun 30, 2014
How to Cite
YAACOB, Ahmad Che; OMAR, Normah. FRAUDULENT BUSINESS PRACTICES IN EARLY ISLAM AS REPORTED IN A CLASSICAL TEXT. Management & Accounting Review (MAR), [S.l.], v. 13, n. 1, p. 129-142, june 2014. ISSN 2550-1895. Available at: <http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/22>. Date accessed: 24 july 2019.