Abstract

Akhism was a vital system that not only developed the social, cultural, and political but also was one of the most essential mechanisms of the commercial environment of the 13th century. Akhism contributed the social welfare, market stability, and market security.One of the most visible characteristics of Akhisim was seen that it successfully integrated the financial ethic with all types of commercial affairs. In this study, two basics of the standardization policy including quality of product and price stability that the system mostly improved among the financial ethic were examined in the fıqh references. The standardization policy of Akhism controlling the entire journey of any product that includes production, manufacturing, and marketing contributed to the financial development of the thirteenth century. This standardization policy orders that all products must be produced among certain techniques and principles. Quality standards, market conditions, and precautions taken against deceptive and manipulatory affairs, control and product management are the principles that the Islamic Law system underlines. The Akhi organization not only set a certain quality standard for products but also intervened in marketing prices of supplied products so that products have certain price standards. If any affairs to disrupt the marketing conditions and price stabilities occur, the state is supposed to intervene in the system as it has happened since earlier periods. Thus there is a strong relationship between the intervening commercial policies that were fundamental of Akhism and the price policies that have been followed since the early periods of Islam. Keywords: Islamic Law, Akhism, Standardization, Price, Quality.

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