Important note: Sub-Saharan Africa countries with Muslim majorities (with their agreements, institutions, Businesspeople) are analyzed in the module “African Civilization” because of its growing economic integration with the rest of the African economies.
The Subject “Islamic Economic Area” belongs to the following Online Programs taught by EENI Global Business School:
Credits of the Subject “Economic Area of the Islamic Civilization”: 4 ECTS;
Duration: four weeks.
The purposes of the subject “Islamic Economic Area” are the following:
To define the characteristics of the Economic Area of the Islamic Civilization;
To understand the influence of Islam on the Islamic Economic Area;
To know the economic profile of the Muslim Countries;
To understand the economic integration process of the Islamic Civilization;
To analyze the main Muslim Businesspeople;
To explore the economic relationships of the Islamic Civilization with the other civilizations (Western, Sinic, Buddhist, Hindu, Orthodox, African);
To analyze the main Economic Organizations related to the Islamic Economic Area.
Observation
This module presents a summary on Islam, Muslim Businesspeople, regional agreements and institutions related to the Islamic Economic Area. The detailed analysis of each of them is carried out in its corresponding subject.
Islam as the unifying factor of the Islamic Civilization.
Because of its economic integration with these countries, its included Bangladesh and the Maldives;
It is not clear which country is the Central State; Turkey, Iran or Pakistan could be;
NOTE: 170 million of the Indians are Muslims; Islam is the second religion in India. However, from this analysis, India belongs logically to the Hindu Civilization.
Malay Economic Area.
The Malay Economic Area consists of the three ASEAN Muslim Countries (Indonesia, Malaysia, and Brunei).
Maghrebian Economic Area
The Maghrebian Economic Area consists of the five countries of the Arab Maghreb Union (AMU): Morocco, Mauritania, Algeria, Tunisia, and Libya; and Western Sahara;
Culturally we could consider to North Africa as a part of the Islamic Civilization (Sunnite), but from the economic integration also
to the African Civilization;
Arabic and French are the main languages in the Maghreb.
The Islamic Civilization had existed since the 7th century BC when Muhammad proclaimed Islam.
Islam and the Islamic Community (the Ummah) are the unifying factors. We also observe the trends towards the economic integration
of their economies, such as the Gulf Cooperation Council as well as the growth
of the Islamic Economy and Finance .
Islam is the second religion in the World by the number of followers:
1.57 billion people are Muslim;
23% of the World's population practices Islam;
Only 15% of Muslims are Arabs;
20% lives in the MENA region (Middle East and North Africa);
62% of the World's Muslim population lives in Asia;
Furthermore, 300 million Muslims live in countries where Islam is not the majority religion: China, India, and Russia.
Islam, on the other hand, shares borders with all World's faiths:
With Christianity in the east and south of Europe and the entire strip of Southern African Sahel;
With Hinduism in India
itself, along with Zoroastrianism, Jainism, and Sikhism;
This central position with these religions generates strong political tensions, but it is also an opportunity for the Islamic Civilization and the rest of the World. No other civilization shares more borders with other religions, which may allow that the Islamic Civilization can play a unique role in the inter-religious relations.
From a socio-cultural and historical view; we should consider two
distinct spaces.
Sunni area. With Saudi Arabia as the central state. From the economic integration within Sunnite Area we can identify four sub-areas:
Arab area, covering the Middle East countries;
Malay area (Southeast Asia), formed by three countries:
Indonesia, Malaysia, and Brunei, all ASEAN members;
Turkic area (Turkey), formed by the countries of influence of Turkic culture (Turkey, Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, and Uzbekistan);
Maghrebian area: Morocco, Mauritania, Algeria, Tunisia, and Libya;
African area.
Shiite area (Iran). Iran is the Central State of the Shiite space. The following countries have Shiite majorities: Iran (90% of the population), Iraq (65%), Azerbaijan (70%), and Bahrain (70%);
Other countries with significant Shiite communities are the Lebanon (30% of the population), Yemen (40%), Kuwait (30%), India, Turkey (20%), Pakistan (20%), Afghanistan (15%), and Saudi Arabia (15%).
Location of the Islamic Civilization.
(c) EENI Global Business School (1995-2023)
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