Islamic Economic Area

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Syllabus of the Subject: Economic Area of the Islamic Civilisation (Master, Doctorate).

The subject: “Economic Area of the Islamic Civilisation” consists of six parts:

Islam as the unifying factor of the Islamic Civilisation
1. Introduction to Islam
2. Islamic Community in the World (Ummah)
3. Islam and Business
4. Muslim Personalities
Economic Area of the Islamic Civilisation
1. Muslim Businesspeople
2. Major Economic Institutions of the Islamic Civilisation
3. Arab Economic Area (PDF)
4. Central Eurasian Economic Area (PDF)
5. Malay Economic Area
6. Maghrebian Economic Area (PDF)
7. African Economic Area (*)
Economic Integration of the Islamic Civilisation (Economic Organisations, Trade Agreements)
1. Trade Preferential System of the Organisation of Islamic Cooperation (OIC)
2. Integration in the Arab Area
3. Integration in the Central Eurasian Area
4. Integration in the Malay Area
5. Integration in the Maghrebian Area
6. Trade Agreements and institutions covering all the Economic Areas of the Islamic Civilisation
Interactions of the Islamic Civilisation with the other civilisations
1. African Civilisation
2. Hindu Civilisation
3. Western Civilisation
4. Sinic Civilisation
5. Buddhist Civilisation
6. Orthodox Civilisation
Businesspeople of the Islamic Economic Area
1. Arabs
2. Asiatic
3. Maghrebians
Economic institutions related to the Islamic Civilisation
The Case of Guyana and Suriname

Important note: the Sub-Saharan Africa countries with Muslim majorities (with their agreements, institutions, Businesspeople) are analysed in the module “African Civilisation” because of its growing economic integration with the rest of the African economies.

The subject “Economic Area of the Islamic Civilisation” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Course: Islam & Business
Doctorates: Ethics, Religions & Business, Islamic Business, Asian Business, African Business, Global Trade
Masters: International Business, Muslim Markets, Asia, Economic Relations, Religions & Business

Online Student Master in International Business

Why study “Islam, Ethics and Business”?

Learning materials in or Civilisation Islamique Civilização Islâmica Civilización Islámica

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 Civilisation
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 Civilisation
To analyse the main Muslim Businesspeople
To explore the economic relationships of the Islamic Civilisation with the other civilisations (Western, Sinic, Buddhist, Hindu, Orthodox, African)
To analyse the main economic organisations related to the Islamic Economic Area

Five Pillars of Islam (Doctorate)

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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.

Subjects related to the “Economic Area of the Islamic Civilisation”

Islam as the unifying factor of the Islamic Civilisation.

Islam and Business (Doctorate Master Course)

Introduction to Islam
Sunnis and Shies
Five pillars of Islam
Human Rights in Islam
Sharia
Islamic Jurisprudence (Fiqh)
Principles of Islamic Economics
Islamic Banking
Muslim Countries
Islamic Community in the World (Ummah): Africa, Asia, India, ASEAN
Muslim Personalities: Tawakkol Karman (Nobel Peace Prize), Haifa Al-Mansour, Lubna Bint Khalid Al Qasimi, Reem Ebrahim Al-Hashimi, Hayat Sindi, Hanan Al Kuwari, Hichem Djaït, and Muhammad Yunus

Major Economic Institutions of the Islamic Civilisation.

Organisation of Islamic Cooperation (OIC) (Formed by fifty-seven Muslim Countries around the world)
Islamic Development Bank (OIC member countries)
Arab League (formed by twenty countries in the Middle East and North Africa)

Islamic Economic Area. Economic profile of the countries of the Islamic Civilisation

From the economic integration of the Islamic Civilisation; we can identify the following economic areas grouping thirty-two Muslim Countries:

Arab Economic Area.

The Arab Economic Area consists of twelve countries:
1. The Gulf Cooperation Council member countries (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait)
2. Jordan, Lebanon, Syria, Palestine, Iraq, and Yemen
The Central State is Saudi Arabia
Arabic is the common language

Central Eurasian Economic Area.

The Economic Area of Central Eurasia consists of twelve countries: Azerbaijan, Albania, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, Turkey, and Uzbekistan
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 Civilisation

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 Civilisation (Sunnite), but from the economic integration also to the African Civilisation
Arabic and French are the main languages in the Maghreb.

African Economic Area.

The African Economic Area consists of the Muslim-majority African Countries: Somalia, Djibouti, Niger, Senegal, Mali, Guinea, the Gambia, Egypt, Sudan, Chad, Sierra Leone, Burkina Faso, Nigeria, Eritrea, and Guinea-Bissau
These countries are framed within the African Civilisation due to its full integration with the rest of the African Countries

Businesspeople in the Islamic Economic Area.

Arab Businesspeople.

Prince Alwaleed Bin Talal (EENI Master Honoris Causa)
EENI delivers to HRH Prince Alwaleed bin Talal a Master Honoris Causa.

Arab Businesswomen.

Asian Muslim Businesspeople

Mian Muhammad Mansha
Sandiaga Salahuddin Uno
Dewan Yousuf Farooqui
Muhammad Abdul Mannan
Tan Sri Mokhtar
Salman F Rahman
Islamic Revolutionary Guard and the Bonyads in Iran

Maghrebians Muslim Businesspeople.

Description of the subject - Economic Area of the Islamic Civilisation.

The Islamic Civilisation 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
With Buddhism, Confucianism, and Taoism in eastern and northern China and much of Southeast Asia
With Jews in Palestine

Civilisations and economic integration (Master)

This central position with these religions generates strong political tensions, but it is also an opportunity for the Islamic Civilisation and the rest of the World. No other civilisation shares more borders with other religions, which may allow that the Islamic Civilisation 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:
1. Arab area, covering the Middle East countries
2. Malay area (Southeast Asia), formed by three countries: Indonesia, Malaysia, and Brunei Darussalam, all ASEAN members
3. Turkic area (Turkey), formed by the countries of influence of Turkic culture (Turkey, Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, and Uzbekistan)
4. Maghrebian area: Morocco, Mauritania, Algeria, Tunisia, and Libya
5. 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%)