Market from an Islamic Perspective
From an Islamic point of view, market is not just an exchange of goods or services
between the two parties.. The objectives and functions of market are fundamentally
different than those of the conventional market.
The participants in an Islamic market face dual objectives: (i) maximization of the
profits and utilities of the parties concerned and (ii) maximization of the welfare of
the world and the world hereafter. Market is a combination of transactions that serve
enough financial incentives to parties to engage themselves in the transaction, and