This article is composed of a short discussion on the possibility of an Islamic Economy. In doing so, it addresses not only conceptual/theoretical aspects (on the base of Weberian Protestant Ethic thesis) related to this field but also its socio-economic historical dimensions that contrasts with the incompatibility thesis referring to the radical changes experienced with the end of colonization period in Islamic countries (and Asiatic non-Western ones as well) as well as slow changes appearing simultaneously in the nature of the so-called Islamic Economy. In this context, some data about MÜSİAD is specifically be depended on. In conclusion, in contrast to the conventional understanding, the study shows that the idea of an Islamic Economy -in its compatibility with modern conditions and systems- has a base to claim for not only in theory but also in reality.