With the reign of the Ottoman Caliphate in the fourteenth century and the Safavid Empire in the sixteenth century, sharia underwent fundamental changes. The “sharia economy” is one of the key elements of this development. What has been the nature and the function of sharia since this period? What impact has sharia had on economic relations and the way people see such relations? What elements are key to understanding the political economy of sharia?
In Islamic thought, sharia is divine law legislated by God. Who is the legislative God or “holy lawgiver”?...
