Business Practice Before Islam in Arabia

Book excerpt: Business Practice before the advent of Islam is a comprehensive book which provides detail accounts of the trading customs of the Arab. Arab countries are mostly situated in the desert region. A limited area of land was fertile for agriculture and farming. Majority population were engaged in the business. Trade caravan would travel south to north through the Arabian Peninsula. Before Islam, numerous trade methods were prevalent in Arabia, which was part of their culture. These methods were dubious and based on cheating and fraud. Most of the time, fraudulent trade practice were found the bone of contention among various Arab tribes which continued generation after generation. A brief history of trade and business practice of Islam is included in this book. Various Bazar (Local Markets) organised in the Arabian Peninsula is discussed in detail. The Islamic principle of trade, source of Islamic commercial law, business ethics, several business contracts used in Islamic finance and the latest theory of international trade are also discussed in the book.