Main Page
About Us
Dean's Message
About The Dean
Vision, Message, and Values
Who We Are
Directors ,Past & Present
Organizational Structure
Organization Chart
IEI Administration
Activities
Wednesday Dialogue
About the Wednesday Seminars
List of Wednesday Seminars (2021-2022)
List of Wednesday Seminars (2020-2021)
List of Wednesday Seminars (2019-2020)
List of Wednesday Seminars (2018-2019)
List of Wednesday Seminars (2017-2018)
List of Wednesday Seminars (2016-2017)
List of Wednesday Seminars (2015-2016)
List of Wednesday Seminars (2014-2015)
List of Wednesday Seminars (2013-2014)
List of Wednesday Seminars (2012-2013)
List of Wednesday Seminars (2011-2012)
List of Wednesday Seminars (2010-2011)
List of Wednesday Seminars (2009-2010)
List of Old Wednesday Seminars
Sourbonne Saminars
Conferences
Seminars
Lectures and Seminars
Workshop
Universities Economic Heads Meet
Academic Achievements
Salih Kamil Library
About the Library
Library Contents
Publications
English Publications
Arabic Publications
Arabic Publications of the Committe on Curricula
KAU-IEI-Journal
Media Center
PhotoAlbum
Video Gallery
IEI in the Press
Press today
Favorite Links
Research
Institute's Members
Files
Graduate Studies
Latest News
Courses
Contact Us
عربي
English
About
Admission
Academic
Research and Innovations
University Life
E-Services
Search
Islamic Economics Institute
Document Details
Document Type
:
Article In Journal
Document Title
:
Modern Non-Competitive Markets between Fiqh and Economic Analysis
الأسواق المعاصرة غير التنافسية بين الفقه والتحليل الاقتصادي
Subject
:
Modern Non-Competitive Markets between Fiqh and Economic Analysis
Document Language
:
Arabic
Abstract
:
This paper lays groundwork for dialogue between economists and Muslim jurists on monopoly and non-competitive markets. Shariah prohibited monopoly, leaving details to jurists who concluded that monopolistic practices contravene Shariah only when: (a) Applied to necessities (majority opinion), or even to supplements (minority opinion), and (b) Where both demand and supply are price inelastic. Monopolistic practices then lead to large price increases that hurt the public. Jurists also deem it a grave sin to grant legal monopoly (in a good or a service) to a private party, if unjustified by the public interest. Freedom of entry to any market is fundamental in an Islamic economy. The concept of monopoly among economists focuses on market structure, and is significantly wider than “prohibited monopoly” among jurists who focused mainly on monopolistic behavior. Seven applied issues are discussed from dual fiqh-economic perspective: patents, public utilities, government monopoly, monopolistic competition, oligopoly, mergers and unjustified legal monopoly.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
19
Issue Number
:
2
Publishing Year
:
1427 AH
2006 AD
Article Type
:
Article
Added Date
:
Friday, July 2, 2010
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
محمد أنس الزرقا
Al-Zarka, Mohammed Anas
Researcher
Doctorate
anaszarka@gmail.com
Files
File Name
Type
Description
27275.pdf
pdf
الأسواق المعاصرة غير التنافسية بين الفقه والتحليل الاقتصادي
Back To Researches Page