The conferences

The economic integration among the Islamic countries.

The reasons behind the choice of this subject.

- The Islamic Sharia is a way of life.

- The Muslim nation possesses great wealth and resources.

- The existence of the policy of world economic blocs.

Introduction.

Nowadays, the Muslim nation lives a great worry. It found itself confronted by many challenges; it was classified among Under Developed Countries which suffer from backwardness in all domains. In addition, it undergoes a severance of relations between its countries, disequilibrium in its interior economic activities and a constant increase of indebtedness.

Because of all these circumstances, the Islamic countries are subject to different kinds of pressures from the creditor countries and the different financial organizations.

Behind all this facts, are the Islamic counties capable of building their economies again? Do they have the necessary requirements? Is there a hope to achieve an economic integration between the Islamic Countries?

I- The importance of economic integration among the Islamic countries:

1- The economic integration leads to the combination of the potential and human resources. The Muslim nations possesses worthy human resources but are not well exploited. So, it witnessed the brain drain phenomenon. The latter, is the move of highly skilled and qualified people to Western World where they can work in better conditions and earn more money.

2- Gathering the money of the Muslims and investing it in the building of their economy.

3- Exploiting and investing the natural resources.

II- The Steps of the economic integration.

1- The Islamic Countries must declare their conformity to the Islamic Sharia as a way of life. The Almighty Allah Said: « Then We entrusted you to convey Our Message, so follow it and do not follow the vain desires of those who do not know. » [Sûrat Al Jâthiyah/ The Kneeling, verse 18].   

2- Establishing an Islamic economy.

3- Working progressively on abolishing financial dependency.

4- Consolidating cooperation among the Islamic countries.

5- The necessity to exploit human resources.

6- Encouraging the movement of capital among the Islamic countries.

7- Coordinating between the Islamic countries in the domain of economic reforms and the investment activity.

8- Facilitating the establishment of the Islamic banks which forbids the usurious transactions.

9- The necessity to encourage the establishment of mutual economic enterprises.

10- The necessity to form a high institution for Islamic investment which gathers Ulemas of Sharia, economits, managers, jurists. Its role is to suggest investment projects for the Islamic countries.    

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