Banks and banking, historical - Encyclopaedia of Islam, THREE - مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Banks and banking, historical - Encyclopaedia of Islam, THREE "
Ackerman-Lieberman, Phillip I.

Document Type	:	AL
Language of Document	:	English
Record Number	:	1060906
Doc. NO	:	ALei1303
Main Entry	:	Ackerman-Lieberman, Phillip I.
Title & Author	:	Banks and banking, historical - Encyclopaedia of Islam, THREE\ Ackerman-Lieberman, Phillip I.
Publication Statement	:	Leiden: Brill
Title of Periodical	:	Encyclopaedia of Islam, THREE
Note	:	(2,152 words)
Abstract	:	Banks —institutions whose primary concern was dealing in money—were not found in the mediaeval Islamicate world, according to the economic historian Abraham L. Udovitch. Yet financial instruments, such as deposits, credit, loans, and bills of exchange were actively utilised by people who operated as individuals or members of trading networks rather than as representatives of banking institutions. According to Islamic law (fiqh) , both paying and accepting interest on money placed with another individual as a loan or a deposit are understood as conflicting with the Islamic legal prohibition of
Subject	:	Islam.
electronic file name	:	ALei1303.pdf