Hisbah (business accountability)

The concept of hisba (حِسْبة [ḥisba], calculation; verification) is an Islamic practice not explicitly in the Qur'an nor in the corpus of sahih hadith. In a book review, Mohammad Umar Memon explains, "the institution of the hisba has been generally understood as one seeking to ensure correct economic and commercial practices among the Muslim umma' '". [1]

Origin

In the beginning, under the caliph Umar RadiAllahu 'Anhu, it was a civic institution intended to supervise the course of economic and commercial affairs as well as the legality of contracts. Its foundation is based on a verse which makes a list of major interdicts.

"And come not nigh to the orphan's property, except to improve it, until he attain the age of full strength; give measure and weight with (full) justice;- no burden do We place on any soul, but that which it can bear;- whenever ye speak, speak justly, even if a near relative is concerned; and fulfil the covenant of Allah: thus doth He command you, that ye may remember." (Sura 6, ayah 152, trans. Yusuf Ali)

See also

References

  1. Muhammad Umar Memon. Review of Public Duties in Islam: The Institution of the Hisba. by Ibn Taymiya; Muhtar Holland (trans.) International Journal of Middle East Studies, Vol. 17, No. 1. (Feb., 1985), pp. 141-142. Stable URL

Further reading

This article is issued from Wikipedia - version of the Saturday, April 02, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.