A step towards the formation of Islamic Common Market (ICM) was taken to bring about a global Ummatic unity among the Islamically trading countries so that they would be able to achieve maximum eco-goals with standard, progress & prosperity. But after years what had actually brought such awareness again? Is it the 11th September attack on the WTC?
After this incident, Muslims are being attacked on a very large scale as they are being blamed for this tragedy. Whosoever caused it, is the whole population of Muslim going to suffer the consequences?
Moreover, the Muslim in different countries have now come to realize that, their position in the world has been tarnished greatly. They are being heavily oppressed and controlled by the foreign powers, especially the Western. This oppression is well evident in the murderous killing of the Palestinians by the Jews. It was the cry of these pitiful people and other Muslim victims that there should be a need to re-identify the position of the Muslim in the world.
Whatever the case may be, the Muslim countries have now realized that they need to rebuild their identity and reposition their eco-political status in the world and save themselves from the yet coming potential harassment and oppression.
Islamic Common Market (ICM), which is the first step towards the reawakening of the Muslim Ummah. This proposition will have to deal with, such as globalization and to create an utmostphere to fully make people aware the need of an Islamic Common Market to strengthen the ties between Muslim countries and establish a Shari’ah based trading and commerce system.
It is to help people vision as prospectus and a means by which the Muslims can prosper and live with dignity without being picked at by the non-Muslim countries. It also aims to show the economic prospects of the proposition.
Islamic Common Market may contribute towards a readiness to take away the carpet from underneath the legs of the ICM. furthermore, Muslim all around shall appreciate the importance of their contribution to ICM in reality.
The economic level we need to accelerate the process of taking practical steps toward the realization of economic integration of Member States. Such integration should take the form of an ICM.
Due to the continuous economic and political competition between Muslims and non-Muslims nations, the concept of “Islamic Common Market” (began at the 12th Conference of Foreign Ministers of OIC in June 1981) emerged to actualize the need to materialize the economic unity of Muslim Ummah through economic integration.
The chief objective of the ICM is to provide the perfect banking, finance, marketing, trading and other economic related system necessary for the Ummah to progress smoothly in its Islamic role, to furnish it with the essential powers and faculties for its proper functioning and to clarify its vision and its methodology.
In a nutshell, Islamization of Common Market means an Islamic framework of transaction for human life and civilization. It determines every human activity, struggle and action in Islamic way. Islamic Common Market aims to enrich the followings with sustainability:
1. Relation between Eco-Politics.
2. Sovereignty.
3. International Society and Order.
4. Shari'ah Standard Ideology.
5. Specific Operational Mechanisms.
6. Ummatic Unity Global.
7. Ummatic Mutual Cooperation, Respect & Understanding.
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