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This sort of revenue is made by giving someone access to an asset, which can be a product or a service. [15] The key difference to a subscription fee is that this asset still belongs to the company. Common examples include car rentals or hardware leasing. This revenue stream also belongs to the recurring revenue model.
Islamic economics grew naturally from the Islamic revival and political Islam whose adherents considered Islam to be a complete system of life in all its aspects, rather than a spiritual formula [86] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
The taxes stipulated by Islamic law generally did not generate enough revenue even for the limited expenditures made by pre-modern governments, and rulers were forced to impose additional taxes, which were condemned by the ulema. [9] According to scholar Murat Çizakça, only zakat, jizya and kharaj are mentioned in the Buktasira.
A revenue stream is an amount of money that a business gets from a particular source. [8] A revenue model describes how a business generates revenue streams from its products and services. [9] They are resultantly a key aspect of the revenue model. They are generated through the use of the revenue model components listed in the section above.
Of course, the muqtis also had certain obligations to the Sultan. They had to maintain the troops and furnish them at call. The revenues they got from the iqtas were meant to be resources for him to do the same. The revenue was meant for the muqti's own expenses, payment and maintenance of the troops and the rest had to be sent back to the king.
The First Dynasty of Islam: The Umayyad Caliphate AD 661-750 (London, Routledge, 2000) Lambton, Ann K. S. Landlord and Peasant in Persia: A Study of Land Tenure and Land Revenue Administration (London, Oxford University Press, 1953) Lewis, Bernard (2002). The Arabs in History. Oxford: Oxford University Press. ISBN 0-19-280310-7.
Between the 9th and 14th centuries, the Muslim world developed many advanced economic concepts, techniques and usages. These ranged from areas of production, investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf, systems of contract relied upon by merchants, a widely circulated common currency ...
Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period.