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Information Journal Paper

Title

THE HISTORICAL EVOLUTION OF COMMERCIAL FRAMEWORKS, FROM CONTRACTUAL ARRANGEMENTS TO CORPORATIONS

Pages

  437-459

Abstract

 Mudaraba is an old method of finance and trade. Comparative historical studies show that MUDARABA and a very similar European institution that appeared first in the 12th century in Italy and then in all Europe i.e. COMMENDA, had a very important role in the HISTORY OF TRADE; especially in maritime trade of middle ages. From 16th century it gradually started to lose its importance and was then replaced by CORPORATION in the Western trade, while at the same time there was no sign of such development in the Middle East and the Islamic world. In this essay, we discuss the origin of MUDARABA, its importance in the HISTORY OF TRADE, and the causes for its appearance and come down, understanding that the non-recognition of LEGAL PERSONALITY was the major obstacle of the Islamic law to establish CORPORATIONs.

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  • Cite

    APA: Copy

    BOSTANI, MOSTAFA, & BAGHERI, MAHMOOD. (2017). THE HISTORICAL EVOLUTION OF COMMERCIAL FRAMEWORKS, FROM CONTRACTUAL ARRANGEMENTS TO CORPORATIONS. COMPARATIVE LAW REVIEW, 7(2 ), 437-459. SID. https://sid.ir/paper/246343/en

    Vancouver: Copy

    BOSTANI MOSTAFA, BAGHERI MAHMOOD. THE HISTORICAL EVOLUTION OF COMMERCIAL FRAMEWORKS, FROM CONTRACTUAL ARRANGEMENTS TO CORPORATIONS. COMPARATIVE LAW REVIEW[Internet]. 2017;7(2 ):437-459. Available from: https://sid.ir/paper/246343/en

    IEEE: Copy

    MOSTAFA BOSTANI, and MAHMOOD BAGHERI, “THE HISTORICAL EVOLUTION OF COMMERCIAL FRAMEWORKS, FROM CONTRACTUAL ARRANGEMENTS TO CORPORATIONS,” COMPARATIVE LAW REVIEW, vol. 7, no. 2 , pp. 437–459, 2017, [Online]. Available: https://sid.ir/paper/246343/en

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