The origins of capitalism and free markets can be traced back to the islamic golden age and muslim agricultural revolution where an early market economy and form of merchant capitalism took root between the 8th 12th centuries which some refer to as islamic capitalism a vigorous monetary. Proto capitalist economies and free markets were active during the islamic golden age and muslim agricultural revolution where an early market economy and form of merchant capitalism took root between the 8th 12th centuries. Islamic economics the first and perhaps most important thing to note with regards to islam and economics is that islam as a religion covers every facet of our lives. Capitalism and islam islamic concepts of capitalism can be found in quranic support for and protection of individual rights to private property commercial honesty and competition tempered by concern for the disadvantaged and in hadith reports on the virtues of pious merchants
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