`Amr ibn Al-Harith (may Allah be pleased with him) said that when the Prophet died, he left neither money nor anything else except his white riding mule, his shield, and a piece of land which he left to charity.

Islam demands inflation free currency which must have intrinsic value within Money , Gold and Silver was selected for the purpose , had it been , there would have been no poverty any more , this fiat money is creating havoc . ripping off the masses.very interesting lecture .

a very good presentation; thank you for sharing.

Fascinating indeed , thank you very much

You guys needs to study the book of Muhammad Munir which name is Madinah Economics That book ll is a great answer of this book of Koehler

Islam does not permit price controls

The Prophet was and will always be the best of God's creatures. The world would be a better place if Human Kind looked up to this Man. The Holy Prophet should be the source of everybody's inspiration.

Thank you. This is interesting. Smart man.

What are the sources/references of this speaker? I'm curious to see them... "richest arab in his time when he died"? Are we playing with the definition of rich, maybe? Or maybe arabs were below poverty back then...

Islam is not socialist. “Allah has permitted (profit seeking) trade & forbidden usury.” The Noble Quran 2:275

when prophet Muhammad pbuh past away he wasn't the richest he was one of the poorest in worldly possessions.

7:06 start

Sorry to say, the Prophet Muhammad, may Allah's Peace Be Upon Him, didn't leave this world wealthy, he left it as one of the poorest people. He never tried or wanted to gain any material wealth, his wealth was spiritual. This man is the only person regardless of persuasion to say the Prophet Muhammad died wealthy and I have read very much about the life of the Prophet.

Book review by Muhammad Irwan Ariffin in International Journal of Economics, Management and Accounting, International Islamic University Malaysia file:///Users/benediktkoehler/Downloads/397-670-1-SM.pdf

The rechist man in Arabia lived in a mosque made of palm steam and covered with palm leaves. What a joke. The idea of Taxes didn't exist in Arabia. Mohammad PBUH didn't give the so called Army a salary, because there was no such an army. It was organized several years later after his death . In Madina he made a market to counter the centralized market controlled by the Jews at that time.

Run by corporate world give by knowledge Islam

"but Muhammad died the richest man in Arabia", WHAT? Actually, Muhamad died the poorest man in his community. I mean if you are going to lie, do not make so blatant.

Islamic economics is complete economics.

This is mostly a description of capital and trade, not capitalism as such. What marx and weber described as the system for society that capitalism developed, was the legal organization that benefitted full marked to exist, the turning in of everything into tradable goods, thus marx calls capitalism Marked-capitalism, and protected by law and violence, as he also says. What capital demands for its existence is access to value beyond the normal trade-exchange, beyond what is human possible to create in one lifetime, because capital is surplus, and marked is competition, so amount must pair or over or over go in order to proceed its existence. Thus full marked-capital can only exist on a base of colonialism and extortion, wether in own lands or in other continents. In order to have this accepted a certain way of existential understanding must be promoted, since extortion demands crossing the natural moral perception. Weber described the transition from internal versus external norms (internal communism, external non-normity) to a full "external" moral (or non-moral) with a change in all kinds of theoretical explanations to uphold this way of conducts, a change in the existing order of 'protection of the family, the clan, the close society versus the stranger other/the others who holds no obligation towards one'. Thus all ways of religions and theories were needed to in reality excuse the expanded conducts of exploitation that also would hamper ones own closest associates and family, in principle. Any trade society would be in good place to develop into this, and so also any society that territorial bade for cross culture exchange, the Levant, the Silk Road areas, the Northern Africa, but also in early times the Chinese harbors. But Weber explained that the Chinese philosophies were of such strength that it countered any chance of pure markedisation of society. So this may explain that a need for some base of philosophy of social organization is present to allow for property to triumph human and natural relations. As such one could perhaps propose that islam (i do not know the theory), as well as protestantism in the way of Calvin paired with Luther (as Weber describes), works for this as they provide for the theoretical excuse for the conduct of exploitation as a plan by divine authority. In protestantism it is a kind of 'success in your business on earth is a sign of being among "the chosen ones", and a reward of god'. I think one cannot explain the existence of an empire as Koehler does, even the islamic empire collapsed, tried again several times, but failed and continued only by the way of violence and suppression, not unlike any other. The Roman empire tried by pluralism, but failed, thus perhaps the islamic found that pluralism as a governing theory was not a functioning way. But actually turned over time to limited pluralism through self governance in exchange for extra taxes and freedom from military service. Marx' s concept of 'overarching structures' covers the place of religion in economy. But it is very good to highlight the economical face of a religion as Koehler does. Even if I disagree, and think that islam did not do anything else than accommodate in to an already existing developement and praxis of exploitation and accumulation.

prophet muhammad is the poorest not the richest. the richest is his companion abdurrahman bin auf maybe

Why is he lying??? This is a misleading video to those who don't know our prophet peace be upon him. Just read a little and you would know that he was NEVER rich (even tho he was offered both immortality and the earth riches until the day of judgement but he choose the higher realm on his deathbed)

Who is this guy a pathetic little liar prophet Muhammad pbh died as the richest man? You must be talking about somebody else most historians and even his enemies knows when died he had nothing although he was in position of authority, to the point he asked his wife to give any little change in the home to charity when he was on his sick bed may peace and blessing be on him

Jesus had performed tons of miracles yet only 12 believed in him

nice joke koehler!

Capitalism existed in Babylon & ancient Sumeria

Islam and capitalism. No connection.

Please also see the latest lecture in our History of Capitalism series - Professor David Abulafia (University of Cambridge) on 'A Global Transition - From the Mediterranean to the Atlantic' bit.ly/1kaQpSi