Markets and Hisbah Institutions: A Theory of Market in the History of Islamic Economic Thought Institusi Pasar dan Hisbah: Teori Pasar dalam Sejarah Pemikiran Ekonomi Islam In the works of hisbah, a muhtasib will act as a regulator of the market, especially to control the price and market conditions. The institute is the result of the transformation of the market supervisory agency, formerly known as the sahib al-suq (market inspector), which emerged with the development of cities at areas of Islam in the Middle East. This book describes hisbah as the official state agencies that play a role in solving problems or minor offences which by their nature do not require a legal process through the courts.
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