Re: Islamic System or Implementation of Muslim Personal Code
System (may it be any), depends who is running it and what are the intentions behind in running the same. Allah says in Quran ( can't remember the exact verse " .. and do not make my laws as an intrument for ur gain".
Coming to Islamic System, in which the fear of Allah and sense that Allah is watching and known for all of our deeds followed by the Justice holds the primary position.
but if we don't believe in the fact that Allah is watching us then we do what most of people do, we cheat, we lie, we abuse, we take what not belong to us, we live for our selves only, ME comes first of every thing, thats where not islamic but every system fails. Its the attitude and not the system which named to be bad or not-applicable.
To impose Islamic System, first have to educate people, Like our Prophet (PBUH) did, and then the system will be imposed. it is not that we impose Islamic System over night and Society will turn into the Heaven.
As far as Islamic Banking is concerned, it is not a system, it is a new marketing pitch to attracted those to refuse to go for "interest" banking kind of stuff, nothing more, nothing less.