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This paper tries to explore the fact that transaction constitutes the most important aspect of Islamic jurisprudence, commonly called fiqh. The paper tries to deal with this aspect in terms of the legal thought of Islam and relates it with the modern concept of egalitarianism. It argues that although egalitarianism becomes the most important value in the legal thought of Islam—as it is clear in the concept of transaction—the tension toward establishing this value has not been easy. This paperdoi:10.15642/islamica.2012.7.1.232-247 fatcat:6vudqty3lfer7mrjewrxaeavry