There is a need to establish a Muslim Economic Community among Muslim Nations similar to that of the European Economic Community [EEC]. MEC will develop to unite Muslim Nations which will be known as the Muslim Union [MU] similar to that of the European Union [EU]. It is suggested that Brunei, Indonesia, and Malaysia should lead the way for the initial formation of MEC. Turkey, Pakistan, and Bangladesh and may join later.

1. STRENGTHENING ISLAMIC ECONOMICS THROUGH
ESTABLISHMENT OF MUSLIM ECONOMIC
COMMUNITY [MEC]
3rd INTERNATIONAL CONFERENCE IN ISLAMIC ECONOMICS [AICIE] 2016, YOGYAKARTA , INDONESIA, 2016.830
By SHAYA’A OTHMAN
Senior Academic Fellow, International Institute of Islamic Thought [IIIT], USA, KL Office
And CEO of Universal Crescent Standard Centre. UiTM –MTDC Technopreneur Centre
Shah Alam, Malaysia

2. CRITICAL NEED FOR ISLAMIC PRINCIPLES TO SAVE THE WORLD

3. Overview Values Statistic
Total alcoholic beverages sales in the U.S. $211.57bn

5. 1. Anheuser-Busch InBev: US$43.6 billion
(Belgium)
2. Heineken Holding: $22.8 billion
(Netherlands)
3. SABMiller Plc: $20.8 billion (United
Kingdom)
4. Kirin Holdings: $18.2 billion (Japan)
5. Diageo: $16.1 billion (United Kingdom)
TOP 5 COMPANIES PRODUCING
ALCOHOL BEWERAGES
IN THE WORLD

6. €7.7 billion

8. Source : Annual Fraud Indicator 2016 By Centre of Counter Fraud Studies,
University of Portsmouth UK. [May 2016]
FRAUD
IN UNITED
KINGDOM
[UK]

11. Source: The Cost of Tax Abuse, The Tax Justice Network [November 2011]

12. PERSONAL
CRIME
CRIME
AGAINST
SOCIETY
CRIME
AGAINST
DEMOCRACY
TAX
EVASION
IS
A CRIME
RESULTING
IN
ECONOMIC
CRISIS

13. DEMAND FOR
GOVERNMENT
SERVICES
INCREASED
PAYMENT
FOR TAX
DECREASED
TAX EVASION IS THE CORE OF ECONOMIC CRISIS.
TACKLING TAX EVASION IS NECESSARY CONDITION
TO SOLVE ECONOMIC CRISIS

14. SHARIAH
ISLAMIC
MANAGEMENT
ISLAMIC
ECONOMIC
CRITICAL AREAS
NEED TO BE
ADDRESSED

18. ALL HUMAN ACTIVITIES NEED TO BE
MANAGED ACCORDING TO SHARIAH

19. UNDERSTANDING ULTIMATE
OBJECTIVES OF ISLAM OR SHARIAH

21. 1. University
2. School
3. Learning
Centre
4. Training
Centre
5. Consultancy
6. Management
Services
7. Research
Survey
8. Foods
Products
9. Industrial
Products
10. Consumer
Products

22. ECOMOMIC SPECTRUM
[Human Activities]

23. ECONOMIC
SPERCTRUM
PRODUCTION
DISTRIBUTION
CONSUMPTION
DEVELOMENT
MANAGEMENT
ECONOMIC
SPERCTRUM

24. SHARIAH
INTERGRATED
INTEGRATION OF THE ECONOMIC SPECTRUM WITH SHARIAH =
SHARIAH ECONOMIC SPECTRUM

25. SHARIAH
SHARIAH ECONOMICS FOR EXCELLENCE
[Shariah Economics is the Whole Spectrum of Halal Activities]
1. SHARIAH
PRODUCTION
2. SHARIAH
DISTRIBUTION
3. SHARIAH
CONSUMPTION
4. SHARIAH
DEVELOPMENT
1. SHARIAH
MANAGEMENT

27. MANAGEMENT
PROCESS
ADVOCATING THINKING AS TE CORE OF MANAGEMENT PROCESS

28. UNDERSTANDING SHARIAH MANAGEMENT or ISLAMIC
MANAGEMENT IS IMPORTANT FOR MUSLIM LEADERS

29. SHARIAH MANAGEMENT or ISLAMIC MANAGEMENT is THE KEY
to the SUCCESS of SHARIAH ECONOMICS

30. MALAY
NATIONS
BRUNEI
INDONESIA
MALAYSIA
FROM MALAY NATIONS TO
MUSLIM ECONOMIC COMMUNITY
[MEC]
By SHAYA’A OTHMAN
Senior Academic Fellow, International Institute of Islamic Thought [IIIT], USA, KL Office
And CEO of Universal Crescent Standard Centre. UiTM –MTDC Technopreneur Centre,
Shah Alam, Malaysia [2016]

32. UNION OF MALAY NATIONS
TOTAL GDP [2014]= USD 2 TRILLION
70%
28%
2%

33. THE SUPER WORLD ECONOMIC POWER
OF THE EAST IN 2100
1. ONE ECONOMIC UNIT GDP = USD 10 trillion
2. ONE OFFICIAL CURRENCY = Muslim Dinar
3. ONE OFFICIAL LANGUAGE = Malay
Year
2100

34. 88%

35. INTEGRATION OF MALAY
SPEAKING & SPELLING OF 300
MILLIONS POPULATION IN
MALAY NATIONS

36. MALAY NATIONS
One Official Currency
MUSLIM DINAR replacing USD
similar with
EURO replacing USD in European Union

37. 1. One Economic
Unit – Shariah
Compliance.
2. One Official
Currency -
Muslim Dinar.
3. One Official
Language –
Malay language
ACHIEVING
ECONOMIC AND POLITICAL INTEGRATION
2100

38. 1946
Winston Churchill calls for a "kind of United States of Europe" in a
speech at Zurich University.
1949
France, UK and the Benelux countries decide to set in place a Council of
Europe.
1950
Robert Schuman, the French Foreign Minister, proposes that France,
Germany and any other European country wishing to join pool coal and
steel resources.
1951
Treaty of Paris signed by the Six (Belgium, France, Germany, Italy,
Luxembourg, Netherlands), establishing the European Coal and Steel
Community (ECSC).
Timeline: history of the European Union

39. 1957 [EEC] & [EURATOM]
Treaties of Rome establish the European Economic Community (EEC)
and the European Atomic Energy Community (Euratom).
1959 [EFTA]
July, seven countries of the Organisation for European Economic Co-
operation (OEEC) – Austria, Denmark, Norway, Portugal, Sweden,
Switzerland and the UK – decide to establish a European Free Trade
Association (EFTA).
1965 [ECSC + EEC+ EURATOM]
The Treaty merging the executives of the three Communities (ECSC,
EEC, Euratom) is signed in Brussels; enters into force on July 1, 1967.
Source : The Telegraph,
http://www.telegraph.co.uk/news/worldnews/europe/6181087/Timeline-history-of-
the-European-Union.html

40. EUROPEAN UNION 2015 GDP S$16.220 Trillion

41. INDUSTRALISTS
SCHOLARS
RESEARCHERS EDUCATORS
INTERGRATING THE VARIOUS ROLES OF EXPERTS
OR LEADERS
STRENGTHING
THE APPLICATION
OF ISLAMIC
ECONOMIC
ACTIVITIES
THROUGH THE
ESTABLISHMENT
OF MUSLIM
ECONOMIC
COMMUNITIES
[MEC]

42. ESTABLISHING
MUSLIM ECONOMIC
COMMUNITY
[MEC]
ISLAMIC ECONOMIC
[WHOLE SPECTRUM OF HALAL ACTIVITIES]
MOVING FORWARD OF ESTABLISHING MUSLIM ECONOMIC COMMUNITY [MEC]
By SHAYA’A OTHMAN
Senior Academic Fellow, International Institute of Islamic Thought [IIIT], USA, KL Office
And CEO of Universal Crescent Standard Centre. UiTM –MTDC Technopreneur Centre Shah Alam, Malaysia

47. SUMMARY

48. ESTABLISHING
MUSLIM ECONOMIC
COMMUNITY
[MEC]
ISLAMIC ECONOMIC
[WHOLE SPECTRUM OF HALAL ACTIVITIES]
MOVING FORWARD OF ESTABLISHING MUSLIM ECONOMIC COMMUNITY [MEC]

52. Thank You
To
Organiser
of
SHAYA’A OTHMAN
Senior Academic Fellow, International Institute of Islamic Thought [IIIT]
And CEO of Universal Crescent Standard Centre. Malaysia
3RD INTERNATIONAL CONFERENCE IN ISLAMIC ECONOMICS [AICIE] 2016
YOGYAKARTA , INDONESIA 2016.830