عنوان المقال عربي
نظام الائتمان في العصر العباسي الأول
Abstract
It is well known that credit is an important system for trade. Since trade is of two types: distant and near (present), credit has the greatest importance, especially for distant trade, as it guarantees the return of funds with a profit for the owner of the money (the merchant). Hence, our study of the credit system and its connection, in particular, to distant trade. The historical roots of the credit system go back to the civilization of Mesopotamia, especially since there are two fundamental factors in the emergence of credit transactions: the emergence of money and the accompanying emergence of the speculation system, and the expansion of trade with the outside world during the late Babylonian era and the accompanying expansion of banking and loans. By studying credit transactions, including speculation, sukuk, and bills of exchange, we first sought to prove that the first appearance of these transactions began in the civilization of Mesopotamia, and later became known to the outside world. We also sought to shed light on the credit system as a reason for the expansion and ease of trade with distant regions by delivering funds to merchants after Islam permitted dealing with these financial papers, whether through the Holy Quran, which is the primary legislator. For Muslim transactions, and through the Noble Prophetic Sunnah, we find that this legislation was another fundamental reason for the expansion of the credit system among merchants and statesmen.
Keywords
Abbasid era, Credit system.emerged
Recommended Citation
Hassan, Zahraa Mohsen
(2025)
"Credit system in the first Abbasid era,"
Uruk for Humanities: Vol. 4:
Iss.
2, Article 1.
Available at:
https://muthuruk.mu.edu.iq/journal/vol4/iss2/1
