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Q: What countries use the Islamic economic system?
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YES. Shari'a Compliant Economics, also called Islamic Economics, is an economic model that has a number of specific requirements for risk allocation, use of percentage stakes of a company instead of loans, and an apparent higher ethical standard in deals. The inability to use interest in the economic model makes Shari'a Compliant Economics fundamentally distinct from all other modern economic systems (capitalism, planned markets, socialism, and communism) and its use of modern financial transactions and currency make it distinct from most forms of traditional or barter economic systems.


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