I agree with the author that Islamic economics is quite similar to Christian economics in terms of their emphasis on similar norms. The failure of Christian economics does not necessarily mean that that IE would fail too

There is a growing amount of literature that tries to explain what institutions are, how they are established and how they can be reformed for desired social and economic development. This paper explores key institutional values needed for transformative socio-economic development in the Muslim...

The more recent literature on Islamic economics is largely about Islamic financial instruments and institutions. It might give an impression as if the main difference between conventional and Islamic economics is in the instruments, rather than foundational aspect. Islamic economics is not about...