Question

Did the people in that time trade with other countries the payme
E
Economy Abbasid​

Answer 1

Answer:

Explanation:

This is a sub-article of Islamic economics and Muslim world.

Between the 9th and 14th centuries, the Muslim world developed many advanced concepts, techniques and use in production, investment, finance, economic development, taxation, property use such as Hawala, an early informal value transfer system, Islamic trusts are known as waqf, systems of contract relied upon by merchants, a widely circulated common currency, cheques, promissory notes, early contracts, bills of exchange, and mufawada.

Specific Islamic concepts involving money, property, taxation, charity and the Five Pillars include:

zakat (the "taxing of certain goods, such as harvest, to allocate these taxes to expand that, are also explicitly defined, such as aid to the needy");

Gharar ("the interdiction of chance ... that is, of the presence of any element of uncertainty, in a contract (which excludes not only insurance but also the lending of money without participation in the risks); and

riba ("every kind of excess or unjustified disparity between the exchanged objects or counter values"[1]).