Keywords: Islam; evelopment; economy; rate; society; population; institutional theory

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Author: Debra Lawson
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: 339.9.01 Annotation. The article is devoted to the institutional features of the Islamic states organization and their impact on the economic development. In the author’s opinion, the historical features of the economic institutions of Islam are determined by the fact that Islam cannot be reduced to a religious doctrine. In fact it includes a factor of identity and represents a complete system that sets and regulates the way of life and behaviour. Such institutional features as the inadmissibility of usury, the prohibition on charging interest on loans for Islamic banks Keywords: Islam; evelopment; economy; rate; society; population; institutional theory

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