Overview

bazaar


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Persian. Market or shop. The bazaar is a place of personal, ethical struggle (jihad) for moral business practices, fair prices, negotiated justice, provision of services on behalf of the communal good, and enforcement of Islamic codes of commerce by judicial officers, judges, and experts in religious law. The credit system and social institutions tied to bazaars, such as guilds, mosques, and religious circles, enable them to play an active social, cultural, and political, as well as economic, role in society. Bazaars are central to the economy, particularly in traditional agricultural and craft systems, as an outlet for goods and for extension of credit.

Subjects: Islam.


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