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Extra resources for Economic Thinking of Arab Muslim Writers During the Nineteenth Century

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Abbas I, who was against such changes, ordered closure of the educational and scientific institutions with which al-Tahtawi was associated, and in 1850 sent him away to Sudan, where he spent four years in a terrible ordeal. In 1854, he returned to Egypt from exile and resumed his academic and training activities. He died on 27 May 1873 (Rabi’ II, 1290 AH) and was buried near al-Azhar University. Among al-Tahtawi’s important works are the following: 1) Takhlīṣ al-Ibrīz f ī Talkhīṣ Bārīz: This is his travel account of France, first published in 1834 (1250 AH).

Until then, indigenous banking and finance had been in the clutches of minorities, especially the Jews; their locality in Cairo, Harrat al-Yahūd was infamous for its usurious lending and exploitation (Mubarak, 1973, p. 388). The establishment of modern banking increased the influence of Western players: ‘After 1841 the progressive liberalization of trade gave them wider opportunities. Some of them began to turn themselves into merchant bankers and to promote companies which would enjoy the favor of the local authorities and provide for the needs of the developing Egyptian economy’ (Richmond, 1977, p.

Now, if the seller is able to return the price which he initially delivered for his asset, he then has his asset returned. The option period may be considered as a grace period. ], p. 63). Inevitably, however, there is need to Thinking on Economic Issues in a Traditional Way 33 discuss the pros and cons of this suggestion at various economic and banking forums. 2 Muhammad Amin b. 1 Life and work Muhammad Amin b. Umar Ibn Abidin (1198–1252/1783–1836) generally known as Ibn Abidin al-Shami, was born in Damascus during the Ottoman era.

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