Well, I have to admit that is a pragmatic view and worked for Saudi Arabia, however i doubt gulf countries are willing to share its money so happily. Anyway dont you think the day such resources begin to be scarce or somebody discover fusion or some alternative resource, a panislamic project like that would fall off like a tower of cards?
Currently, these oil-rich countries are pondering about this problem. The economy of their countries are heavily, heavily dependent on oil. They do not have much else.
What is even worse is that they do not even export refined oil. They export the crude oil, it gets refined in America or some place, then they import that refined oil. Pretty stupid, huh?
There are very few Muslim countries that have enough food to feed themselves. Even Egypt has this problem, because urbanization is beginning to destroy the Nile river. The Nile river apparently no longer reaches the Mediterranean Sea.
Basically, the plan I have for a Pan-Islamic state is:
-Use funds from crude oil exports to develop oil refineries to start exporting refined oil and make a greater profit.
-Use that profit to:
-First ensure that everyone has bare minimum welfare (for now)
-Reform the education systems to prioritize the sciences, especially the sciences regarding solar power, hydroponics and converting seawater into drinkable water.
-Start sustainable agriculture projects and make factories that produce the commanding heights of an economy.
At this stage, the purpose is to decrease the dependence on exporting oil for those economies that only do that, and provide cheap oil for these projects within the state.
-Once an efficient solar power generator has been invented, produce it en masse, and cover the deserts with them. The goal is to remove our dependence on oil.
-Once we are self-sufficient in energy, we flood the market with oil, and sell solar power/hydroponic technology.
-Use that profit to promote and improve the welfare of citizens within the Islamic State.
???
Profit.
