"The Islamic economic framework should not be understood as a prelude to a new academic discipline or to a new economics, for that matter. This framework can be understood as a combination of moral principles and practical rules for a just, inclusive, and dynamic economic organization of society. At best, it can be understood as a doctrine, though without any claims of sacredness." Islam & Economics.

The tenets of Islamic economy are price freedom, free trade, market regulations, sound currency, riba-free banking, low and flat taxes, reliance on voluntary contributions, and strict inheritance distribution.