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This article compares the political and military approaches of the Seljuks of Iran and the Fatimids of Egypt in the way of handing over the military fiefdoms and exploitation to the amirs of those two governments. Through the comparative method based on description and analysis, the article has reached the findings that the Seljuks and Fatimids - who were thinking of expanding their influence - in a similar behavior in the field of land tenure system based on fiefdoms, used lands to increase motivation and the pure obedience of the military commanders. But over time, this approach led to the authority of military commanders and the decline of these governments. Fatimids, unlike the Selajqahs, who only granted the vassalage to military amirs, also gave the bureaucrats the benefit of this type of vassalage.

Egypt faced successive periods of inflation during the first generation of the Fatimid caliphs. The crises that resulted in the accumulation of gold and its gradual elimination from commercial interactions were so serious that the Fatimid caliph “Al-Hakim bi-Amr Allah” (the sixth Fatimid caliph and 16th Ismaili imam) was forced to adopt monetary reforms. The present study aimed to find out how did the economic reforms perpetuated by Al-Hakim bi-Amr Allah reduce the consequences of the al-Mustansariyah crisis? The study was conducted according to a descriptive methodology by analyzing historical data, and it was shown that the most significant economic reforms of Al-Hakim bi-Amr Allah included stabilizing the bimetallic system, establishing the “Divan-i Mufrad” and redistributing the cash flow as alms and state donations to return the hoarded gold (al-Kanz) to the cycle of economic transactions. The above reforms prevented the prevalence of less valuable currencies in the place of dirhams and dinars. Thus, they alleviated the effects of economic crises in Egypt in the long run particularly after the country cut ties with the Zirid Dynasty, the gold imports from Egypt were reduced, and the state treasuries were plundered during the al-Mustansiriyah crisis.