Question

Describe the economic structure of Islamic states .​

Answer 1

Answer:

The Islamic economic system is the collection of rules, values and standards of conduct that organize economic life and establish relations of production in an Islamic society. These rules and standards are based on the Islamic order as recognized in the Koran and Sunna and the corpus of jurisprudence opus which was developed over the last 1400 years by thousands of jurist, responding to the changing circumstances and evolving life of Muslims all over the globe.

Three aspects of the economic system are usually referred to as the major distinguishing elements of any economic system.

Explanation:

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