This paper focuses on protection of intellectual property rights as a recent issue which was not common at the times of our ancestors. It is an outcome of a sophisticated life that characterized by highly complex technology developments in intellectual, economic, industrial, and other fields of knowledge. This of course has led to a significant progress in many aspects as writing, translation work, electronic programs, and documentary and cinema industry. These developments have resulted in the emergence of what is called a competitive market. Producers and businesses in general are strongly motivated to improve the quality of their products under the pressure of such a competitive market. Writers, traders, inventors, artists, programmers …etc have become highly concerned about the means of protecting their rights from being manipulated or illegally used. International and regional bodies or organizations are formed to carry the responsibility of securing these rights. Moreover, many international agreements and treaties have dealt with this matter. Types, components, characteristics and causes of rights and intellectual property (IP) have extensively discussed in this paper. Furthermore, the concept of money and the history of legislations pertaining to (IP) in Islam and the man made law in Palestine have been elaborated and matched. The paper ends up with some crucial or valuable results and recommendations.