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Yes true, it is successful.
However, how to implement it in Islamic/ Arab countries? I am not hopeful: we have corruption , the impunity , this way it won't work.
Islamic economics refers to the economic system that conforms to Islamic scripture and traditions. Islamic finance belongs to the category of religious ethical finance, like Christian finance. The central features of an Islamic economy are summarized as the following: (1) "behavioral norms and moral foundations" derived from the Quran and Sunna, (2) zakat tax as the basis of Islamic fiscal policy, and (3) prohibition of interest.[
In The Name Of GodIslamic Financial Accounting. Islamic Economics. Of The Best ThingsThatGodGave Us.The TheoryHasBeenAppliedInIslamicFinanceMany Kinds OfBanksAnd Financial Institutions.Which ConfirmedThat AllSolutionsInIslamicEconomicsTo OvercomeItsFinancialCrisis.And SgtFutureForTheActualImplementationOfTheseTheories.We Must SupportThese Theories, EvenInSmallFinancialInstitutionsAndEncourageThem,