’ashab al-matalib

Dictionary term

Definition of "’ashab al-matalib"

An institution of eighth century Egypt, guilds which worked in close collaboration with the official mint (dar al-sikkah) to uncover hoarded wealth of tombs and funeraries. One-fifth of such discoveries was credited to the bait al-mal as khumus. The hoarded gold from the tombs of Pharaohs was largely brought to circulation by the efforts of such guilds.

Create Your FREE Account…

IslamicBanker helps professionals navigate Islamic markets by providing powerful insights, analytics and collaboration tools.