Islamic Economic Area

EENI Business School & HA University


Islamic Economic Area (Professional Doctorate in Business in the Muslim Countries)

The Islamic Economic Area analysed in the Professional Doctorate in International Business specialisation in the Muslim Countries:

  1. The degree of the economic interconnection between the countries of the Islamic Economic Area is slight, except for the Muslim Countries that belong to an integration block as the Gulf Cooperation Council (GCC)
  2. Main Islamic institution is the Organisation of Islamic Cooperation (OIC).
    1. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation
  3. All the Arab Countries belong to the Arab League
  4. In general, the economic relations of the Muslim Countries with the other civilisations are poorly developed
  5. The Islamic Banking and finance (according to the Shariah) are becoming increasingly important on the Islamic Countries

The Islamic economic area represents a population of about 1,600 million Muslims (23% of humanity, 200 million in 1900)

  1. Between 75 and 90% of the Muslims are Sunni, and the rest are Shi'a
  2. Asia (Central Asia, Southeast Asia) represents 62% of the world's Muslim population and 25% of the Asian population (1,100 million Muslims).
    1. In the ASEAN, Islam represents 42% of the population (241 million Muslims)
    2. All the countries of Central Asia have Muslim majorities
    3. Iran is a “Shiite Muslim country”
    4. The four nations with the largest Muslim populations are Indonesia, Pakistan, India, and Bangladesh
    5. In India; they are living near 172 million Muslims
  3. The Middle East: only 15% of the world's Muslim population is Arab
    1. Saudi Arabia is the leading regional economy and one of the “spiritual leaders” of Sunni Islam. The Headquarters of the Islamic Development Bank and the Organisation of Islamic Cooperation are in Jiddah
  4. Africa. Approximately, 422 million Africans (40% of the African population) are Muslims (Sunni majority)
    1. African Countries with a Muslim population over 90% are Algeria, the Gambia, Guinea, Libya, Mali, Morocco, Mauritania, Niger, Western Sahara, Senegal, Somalia, Tunisia, Djibouti
    2. African Countries with a Muslim population between 50% and 90% are Burkina Faso, Chad, Egypt, Eritrea, Guinea-Bissau, Sierra Leone, Sudan
    3. Nigeria, the largest African economy, has about 50% of Muslim population
  5. About 300 million Muslims live in countries where Islam is not the largest religion: China, India, and Russia. This doctorate only includes India (the third Muslim population in the world)
  6. Europe. Islam is the second religion in Europe; about 44 million Muslims live in Europe (6% of the European people).
    1. The European Countries members of the Organisation of Islamic Cooperation are Albania and Turkey
  7. America. Guyana belongs to the Organisation of Islamic Cooperation

Some 290 million people speak Arabic, the language of reference of the Ummah (Islamic Community), Arabic is the fifth language in the world.

  1. Arabic is an official language in Arabia, Algeria, Bahrain, Qatar, Egypt, the United Arab Emirates, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Mauritania, Oman, Palestine, Syria, Sudan, Yemen, and Tunisia
  2. Arabic is also co-official in Chad, the Comoros, the Western Sahara, Somalia, and Djibouti

Trade Preferential System TPS Organisation of Islamic Cooperation

Islamic Chamber of Commerce

  1. Thesis of the Doctorate in Business in the Muslim Countries
  2. Samples of the Professional Doctorate in Business in the Muslim Countries

Tertiary Education in Spanish Doctorado Musulmanes Post-secondary Education in French Doctorate Musulmans

(c) EENI- Business School & Hispano-African University of International Business