Which of the following is a reason for the success of Islamic trading firms in the Mediterranean?
A) They benefitted from favored trading status with the Holy Roman Empire.
B) They established a commercial law apart from religion so that all people could participate in trade.
C) They benefitted from a legal system that promoted a favorable business environment.
D) They established a state bank,so that the royal family could earn a share of trading profits by lending out money.

Question

Quizplus · Accepted Answer

Islamic trading firms in the Mediterranean benefitted from a legal system that promoted a favorable business environment. Islamic law allowed for commercial contracts to be enforced through legal means, and judges were trained in commercial law. This meant that traders could have confidence in their business dealings and were protected from fraud or other forms of malpractice. Additionally, Islamic law allowed for the practice of partnerships, which made it easier for traders to pool resources and share risks. These factors contributed to the success of Islamic trading firms in the Mediterranean.

Which of the Following Is a Reason for the Success