The role of the state in developing financial regulations in the Islamic state - the giving system in early Islam as a model

Abstract

The research talks about the role of the state in supporting economic organizations in the period of the Rightly Guided Caliphs, which is an important period in the history of the Islamic State in its early age. These organizations were primitive in their economic sense, and not all of its features were as clear as they are today, and they formed the economic theories that countries followed. At its various organizational levels, important economic theories were established in which the Dalwah sponsors those theories and applies them to reach the optimal economic situation in the country to secure its economies. However, in the early part of the life of the Islamic State, we see that the economic concept was based primarily on ideological legislation that took into account the economic level of the individual. Muslim and took it into consideration, so the main goal of these texts was to secure the people’s livelihood and ensure its security. These legislations were primitive in their concept, but they witnessed great expansion during the era of the Rightly Guided Caliphs, who sought to develop these texts and accommodate the change taking place in the entity of the state in terms of its expansion and the large number of people entering it, so there became an urgent need to regulate these financial institutions in a way that is commensurate with the state’s new situation, so The research seeks to trace that development and shed light on it.