MONOPOL U ISLAMSKOME PRAVU
MONOPOLY IN ISLAMIC JURISPRUDENCE

Summary/Abstract: Although there are Hadith transmitted regarding status of monopoly in which Allah’s Messenger, p.b.u.h., condemns those who practice it, Islamic jurists have disagreed regarding the definition of monopoly, and its main subject. Despite a formal disagreement regarding the juristic status of monopoly, all Islamic jurists agree that sacral texts (Arabic An-nusus) provide sufficient evidence to state that Islam prohibits this act. In order to prevent monopoly, Islamic jurists suggest certain measures which authorities need to undertake to avoid afflicting any form of damage to the people. This paper, has also elaborated sentence intended for a person who practises monopoly, and wisdom which is found in its prohibition. Some of the modern forms of monopoly are mentioned in the concluding part of this paper.

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