There are approximately 57 Islamic state in the world. AnswerParty for now!
League of Islamic Universities
An Islamic state (Arabic: الدولة الإسلامية al-dawlah al-islamīyah) is a type of government, in which the primary basis for government is Islamic religious law. From the early years of Islam, numerous governments have been founded as "Islamic", beginning most notably with the Caliphate established by Muhammad himself and including subsequent governments ruled under the direction of a caliph (meaning "successor" to the Islamic prophet Muhammad).
However, the term "Islamic state" has taken on a more specific modern connotation since the 20th century. The concept of the modern Islamic state has been articulated and promoted by ideologues such as Abul Ala Maududi, Ayatollah Ruhollah Khomeini, Israr Ahmed, and Sayyid Qutb. Like the earlier notion of the caliphate, the modern Islamic state is rooted in Islamic law. It is modeled after the rule of Muhammad. However, unlike caliph-led governments which were imperial despotisms or monarchies (Arabic: "mulk"), a modern Islamic state can incorporate modern political institutions such as elections, parliamentary rule, judicial review, and popular sovereignty.
The League of Islamic Universities (or Union of Islamic Universities) is an association of Islamic universities. It is based in Cairo. The Chairman is Abdallah Ben Abdel Mohsen At-Turki, who is also General Secretary of the Muslim World League.
The League has supported a revival of the traditional waqf system of private welfare, which includes separation of schools from government control. The proceedings of a 1998 conference organized by the League noted: "The waqf system is in harmony with the principle of economic freedom, which was historically at the basis of the Islamic economy. Islamic governments, in fact, could not intervene in the activities of the individual and the Islamic state did not have any economic role of activities, contrary to what is happening today. The waqf system allowed, on the one hand, to redistribute wealth from the rich to the poor and, on the other, to support public utilities, such as mosques, hospitals and schools that must not, in a true Islamic state, be a government duty.
Forms of government
Islamic banking (Arabic: المصرفية الإسلامية) is banking or banking activity that is consistent with the principles of sharia and its practical application through the development of Islamic economics. As such, a more correct term for 'Islamic banking' is 'Sharia compliant finance'. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as riba, or usury) for loans of money. Investing in businesses that provide goods or services considered contrary to Islamic principles is also haraam ("sinful and prohibited"). Although these principles have been applied in varying degrees by historical Islamic economies due to lack of Islamic practice, only in the late 20th century were a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community.
A government is the system by which a state or community is governed. In British English (and that of the Commonwealth of Nations), a government more narrowly refers to the particular executive in control of a state at a given time—known in American English as an administration. In American English, government refers to the larger system by which any state is organized. Furthermore, government is occasionally used in English as a synonym for governance.
In the case of its broad associative definition, government normally consists of legislators, administrators, and arbitrators. Government is the means by which state policy is enforced, as well as the mechanism for determining the policy of the state. A form of government, or form of state governance, refers to the set of political systems and institutions that make up the organisation of a specific government.