Abstract

The author has presented an erudite account of socioeconomics of Islam’s 7th Century Madina Economics. Munir’s in depth researched work is not only a meticulous thesis for the students and scholars of the subject of economics, it is an easy to understand treatise for a common reader. In this work, Munir has explicated how the complexities of capitalism’s economic system were simplified by the Prophet of Islam, with consistent clarity, revolutionary sophistication, and methodological thoughtfulness. Since every chapter of the book is consentingly and meticulously sequenced, it is not easy to extract from few chapters the Qur’¯anic woke on the issue of economics projected by the wisdom and business experience of the Prophet who was an expert and successful trader before being pronounced as Messenger of Allah. Moreover, The author’s comparative references and appreciation of Medina Economics with pre-Islamic trading systems and modern ideologies of capitalism, and communism, invite the reader to read the book from page one to the last one. Therefore, sifting through the pages of the whole book, the reader will find the uniqueness of the Medina Economics, that almost all the building blocks of Islamic economic system were completed in the life time of the Prophet of Islam. Following Islamic victories during the period of the Caliphs, this economic system went beyond Arabia and remained in force for centuries.

Keywords

7th Century, Madina Economics, First Economic System, Mankind