ECONOMIC DEVELOPMENTS AND THE RISE OF ISLAM

Abstract

Clear and correct understanding of phenomena would be impossible without taking into consideration existing context of its appearance existence and development. It is completely true when talking about processes on the Arabian Peninsula in the end of the 6th- early 7th centuries AD and the rise of Islam. As a matter of fact the available sources only shed some light on the problems but the final solution is possible after series of further investigations in the future which should have a multidisciplinary character. until the beginning of the 20th century in many respects had remained almost unknown to European scholars and data related to it was limited to information found in the works of ancient authors, manuscript sources, and facts provided by Arab Moslem historians and geographers. Text of the Qur’ān is also considered as one of the most important sources which cannot be overestimated. It is important to trace interaction between various vectors of economic influence that created prerequisites for this process and facilitated it. The rapid spread and success Islam happened largely due to the fact that it gave clear answers to many questions posed by the development of society, among them regulation of trade and money relations, property law, capital turnover, etc., many of these regulations codified in the text of the Qur’ān.