The Economic System of Muslim Countries. The Case of Arab Countries

This article is a contribution to an analysis of the characteristic of the economic system of Muslim countries. In the first part of the article the author endeavours to justify the choice of the subject. She also notices that because of the extent of the problems in her article she concentrates on the case of Arab countries. In successive parts the author tries to show the influence of Islam on the economic life of the Arab countries and the economic effects of basing the economy on Koranic law. She indicates the main directions of regulation of the economy by Islamic law-religious regulations in the matter of the general principles of conducting economic activity, creation of a specific code of commands and prohibitions, regulation in the sphere of the tax system or the developing, in accordance with the principles of they Koran, of non-percentage activities of the Muslim banks. In her paper the author undertakes an attempt at an introductory identification of the causes and symptoms of weakness of the economies of Arab states.