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Paper Information

Journal:   NAMEH-YE-MOFID   Fall 2001 , Volume 7 , Number 3 (27) Economics; Page(s) 31 To 54.
 
Paper: 

A HISTORICAL STUDY OF THE FISCAL SYSTEMS IN MUSLIM STATES

 
 
Author(s):  Naif Al Hamdani kh.i.*
 
* 
 
Abstract: 

Modem and sophisticated systems of banking in today's economy are the developed forms of the monetary and financial systems of old societies. Islamic society, too, has experienced money-changer's halls in the development of its financial system. This paper examines the history of this institution until the fourth century (Lunar Hijrah). First, a definition of the term sarf (money changing) is given and then the functions and activities for money -changer's halls, their main transactions and their kinds are studied. The effective role for money - changers in funding merchants and craftsmen, founding economic institutions and trying to relieve economic crises are also elaborated. Money -changer's Halls' services in accepting deposits and offering loans and other kinds of funding, had turned them into large financial institutions that played the role of today's banks to some extent.

 
Keyword(s): MONEY CHANGING, BANKING, MONEY, COIN, ECONOMIC HISTORY, FISCAL SYSTEM
 
References: 
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  Persian Abstract Yearly Visit 61
 
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