A common market of Muslim countries has been proposed by Pakistan’s Mashhad Chamber of Commerce.

Industries and Mines president Gholam Hossein Shafeai has suggested Muslim countries have the potential to fulfill 90 percent of their own requirements. Toronto News.net reports:

Talking to businessmen and industrialists in Lahore, he alluded to strengthening Pakistan’s economic relations with the Central Asia states.He said the examples of the European Union, nafta and asean had proved that countries could solve their trade problems by developing some understanding.For instance he said, Iran and Pakistan could increase the volume of bilateral trade by making purchases from each other instead of from distant lands.

Pakistan is just the latest of several Muslim states advocating the creation of a Muslim common market.

Last month, Iran and Malaysia proposed the introduction of an Islamic currency in a bid to promote unity among Muslim nations. “Aside creating a common currency, Muslim nations should adopt a unified stance towards various international issues,” Iranian President Mahmoud Ahmadinejad said July 7 on a trip to the Malaysian capital of Kuala Lumpur. The Malaysian prime minister agreed, saying, “A common currency will bring Islamic countries closer to one another.”

In March, Sheikh Saud Al-Shuraim, imam of the Grand Mosque in Makkah, Saudi Arabia, called for the establishment of an Islamic common market. In a March 14 sermon, the imam said the proposed market should follow sharia law, the Arab Newsreported.

Back in February 2006, theTrumpet.com raised the possibility of the emergence of an Islamic common currency in the article “Islam’s Financial Power”:

If this oil bourse proceeds [Iran’s oil bourse, which opened in February this year], in tandem with the growth of a pan-Islamic financial system, with foreign transactions constrained within Islamic law, how long might it be before we see a separate Islamic currency competing on global markets against the euro and the dollar?

We can be sure that if a Muslim common market does eventuate, it will be rabidly anti-American, considering the nations that would likely be a part of it. Read “Funding the Enemy” to see how much financial leverage Middle Eastern states already have, largely as a result of oil money—and how they are using this wealth to undermine the West.