There are several problems with this perspective

There are several problems with this perspective -...

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There are several problems with this perspective. First, everything we know about Islamic  commercial relations from the 600s on suggests that they were quite positively predisposed  towards cultivating both internal trade and long- distance, international commerce. Not only did  trade provide them with commodities and funds they needed in an expanding civilization, it also  provided Islamic rulers with finances in the form of customs revenue. Second, Pirenne, writing at  a time of Western economic dominance over the Middle East, perhaps forgot that Muhammad  himself had been a long-distance merchant in Arabia and Syria, and that the elites of early Islam  all came from a similar background. We even are indebted to Muslims for such innovations as the  check, as well as risk and profit-sharing mechanisms permitting the funding of inter-regional  trade, called  mudaraba  in Arabic and  commenda  in Latin. These were used widely in the 
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This note was uploaded on 12/11/2011 for the course HIST 1320 taught by Professor Murphy during the Fall '08 term at Texas State.

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There are several problems with this perspective -...

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