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Global economic and political elements are interconnected. The article presents study and analysis of selected topics of international economics with reference to corresponding Islamic views. Global trade has become a necessity since natural advantage and industrial specialization of certain countries in production of many goods. On the other hand, many other count ries supply the necessary raw mater ial for the international production facilities. Many regional co-operation organizations have emerged since second world war for better economic and policitical relations among adjoing countries. Economic boycotts are sometimes used as global policitical tool. Migration of labor has resulted from the need to obtain required talent accross the borders. This article presents all these topics and related Islamic teachings with specific reference to research of Shaykh Ahmad Raza, a Hanafi jurist. [ABSTRACT FROM AUTHOR]