Muhammad’s conception of property as a bundle of rights – Benedikt Koehler

By Benedikt Koehler Property was first conceived of as a bundle of rights in early Islam. The legal instrument that crystallised this Islamic conception was the waqf, a legal entity delivering public welfare in accordance with the wishes of a benefactor. Trusts, which evolved in the thirteenth century, have a rationale analogous to that of waqfs, and in… Continue reading Muhammad’s conception of property as a bundle of rights – Benedikt Koehler