Comparative Analysis of Economic Law in Islamic and Non-Islamic Countries

Abstract

Economic law, as one of the most significant branches of public law, has considerable impacts on economic development and social welfare. In this article, a comparative analysis of economic law in Islamic and non-Islamic countries will be undertaken. Drawing on various sources and research, this comparison will analyze aspects such as the banking system, economic development, environmental law, and business ethics. In conclusion, it can be said that economic law in Islamic and non-Islamic countries has significant differences stemming from distinct legal, cultural, and religious foundations. Research indicates these differences and their effects on the economic and social development of countries. Given these differences, it is essential to pay special attention to these aspects in the formulation and implementation of economic laws to achieve the best outcomes for sustainable development and social welfare.