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An Historical Approach to Islamic Pricing Policy: A Research on the Ottoman Price System and its Application منهج تاريخي لبحث سياسة سعرية إسلامية بحث في نظام الأسعار في الدولة العثمانية وتطبيقاته

Author

Listed:
  • ORHAN OGUZ

    (President of Marmara University, Sultanahmet, Istanbul, Turkey, and **Vice-Director, Economic Research Centre of Middle East and Islamic Countries)

  • AHMED TABAKOGLU

    (Vice-Director, Economic Research Centre of Middle East and Islamic Countries)

Abstract

The Ottomans resorted to price fixation with a view to ensuring stability in the market. Islamic law does allow price fixation in special cir circumstances. Ottoman monetary and commercial policies were also directed towards price stability and security. Guided by the Islamic principles. a number of institutional arrangements contributed to the welfare of the people by preventing fraud, hoarding and monopolistic practices. لجأ العثمانيون إلى سياسة تحديد الأسعار من أجل تحقيق الاستقرار في السوق. والشريعة الإسلامية تبيح تحديد الأسعار في أحوال خاصة. كما كانت السياسات التجارية والنقدية في الدولة العثمانية تستهدف استقرار الأسعار والأمن. وقد ساهم عدد من الترتيبات التنظيمية المسترشدة بمبادئ إسلامية في تحقيق بعض المصالح العامة للناس حينئذ ، من خلال منع الغش والاكتناز والأعمال الاحتكارية.

Suggested Citation

  • Orhan Oguz & Ahmed Tabakoglu, 1991. "An Historical Approach to Islamic Pricing Policy: A Research on the Ottoman Price System and its Application منهج تاريخي لبحث سياسة سعرية إسلامية بحث في نظام الأسعار في الدولة العثمانية وتطبيقاته," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 3(1), pages 63-79, January.
    • Handle: RePEc:abd:kauiea:v:3:y:1991:i:1:no:4:p:63-79
    DOI: 10.4197/islec.3-1.4
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    References listed on IDEAS

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    1. Cizakca, Murat, 1980. "Price History and the Bursa Silk Industry: A Study in Ottoman Industrial Decline, 1550–1650," The Journal of Economic History, Cambridge University Press, vol. 40(3), pages 533-550, September.
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    Cited by:

    1. Ismail, Abdul Ghafar, 2014. "Between Free Market and State Capitalism: How Islamic Economics System Shape the Future Global Economy?," Working Papers 1435-8, The Islamic Research and Teaching Institute (IRTI).

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