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Mainstream economic theories/models which are dominant today only are successful in explaining "a fictional world" and "fictional economic relationships" which are largely based upon unrealistic assumptions. It is high time to produce "new and alternative" theories and models to replace the "parables" of these mainstream ideologies.
The Islamic economic paradigm with its scientific Islamic economic theories have to be comprehensive as well as perfect in the sense of fairness, ethical values and fruitfulness. But are there universal Islamic economic systems with universally applicable economic laws acceptable by both, the Muslim and the non-Muslim world?
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