INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
ECONOMIC TRANSFORMATION IN THE EARLY ISLAMIC STATE: INSIGHTS FROM THE LEADERSHIP OF PROPHET MUHAMMAD (PBUH)
Authors Name:
Nasir Hassan Wani
, Areesha Azhar
Unique Id:
IJSDR2312040
Published In:
Volume 8 Issue 12, December-2023
Abstract:
In the 13th year after the onset of Nubuwah, Prophet Muhammad (PBUH), accompanied by his ordained companions under Allah's guidance, undertook the historic migration from Mecca to Medina. Upon their arrival in Medina, they were met with a stark economic imbalance stemming from various factors. With the establishment of the Islamic State of Medina, Prophet Muhammad (PBUH) faced a formidable challenge, requiring a comprehensive overhaul of the entire economic framework. The primary objective of this paper is to explore the fundamental principles of Islamic economics. It also seeks to shed light on the imbalanced economic conditions that prevailed in Medina before the arrival of the Prophet (peace be upon him). In doing so, the paper aims to delve into the root causes of these economic disparities and examine the policies and processes implemented by the Prophet to address and rectify them. Additionally, the paper will delve into the technical terminology associated with prophetic economics, providing a comprehensive understanding of the topic. Furthermore, it will explore how the economic strategies employed by the Prophet Muhammad (peace be upon him) in Medina continue to find contemporary applications. Furthermore, this study will demonstrate how the economic strategies implemented by the Prophet Muhammad (peace be upon him) in Medina continue to have relevance in modern applications. To achieve these objectives, the research relies on a blend of primary and secondary sources of data. Primary sources include original texts, often in Arabic, which are translated into English for analysis. Secondary sources encompass translated books of Hadith, Islamic legal literature (Fiqh) in English, scholarly writings, and research journals, all of which contribute to a comprehensive exploration of the subject matter.
"ECONOMIC TRANSFORMATION IN THE EARLY ISLAMIC STATE: INSIGHTS FROM THE LEADERSHIP OF PROPHET MUHAMMAD (PBUH)", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 12, page no.288 - 296, December-2023, Available :http://www.ijsdr.org/papers/IJSDR2312040.pdf
Downloads:
000338719
Publication Details:
Published Paper ID: IJSDR2312040
Registration ID:209543
Published In: Volume 8 Issue 12, December-2023
DOI (Digital Object Identifier):
Page No: 288 - 296
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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