The Strategies Adopted by the Prophet (Pbuh) to Cope with Economic Disorders after Hijra

Before the Prophethood of Mohammad (PBUH), there were certain customs and ceremonies which represented the social, moral and behavioral characteristics of the Arabian society. Under the influence of those customs and ceremonies, the economic behavior of the people was beset with deviations and disorders which did not conform with the new rules introduced by Islam. The present study seeks to detect the strategies that the Prophet adopted to eliminate incongruities from the Muslims’ economy. The study is conducted through a descriptive-analytical method and with reference to Qur’anic verses, hadiths, and historical sources which point to the Prophet’s economic practices and manners. As the results show, he used various strategies to cleanse economic activities to some extent. He also tried to facilitate the Muslims’ economic growth by taking such measures as removing many pre-Islam economic deviations, creating economic balance, preventing monopolies, putting idle resources in circulation, curbing inflation, fighting bribery, cheating in deals and hoarding, discouraging unemployment and idleness, and linking economy to ethics.