Law Commons^™

Circulation And Exchange In Islamic Economics, Dr. Rajab Shahwan

UAEU Law Journal

First, terms like circulation or exchange is not clear i n Islamic economics. In fact, no new terms, on carry any new connotations about them. They have existed in Muslim jurisprudence and can be deduced from subjects like sales and transactions in the books of Islamic jurisprudence. Their counterparts in modern day compilation s are .terms like Earnings, Livelihood, Subsistence, Morals and Ethics. Second, there is a lot of controversy going on around exchange and its position in Isla mic economics. There are t hose who consider exchange as a department of distribution and those who would take i t …