Today there ara three economic systems namely Islamic ecomnomic system capitalist and socialist.Each of these three economic systems is composed of a set of values that shape and build the organizational framework of economic activity. Axiologically hierarchies will show the hierarchy of strategies and tactics for a frame of referencs which is absolute and always changing.On the axiologikal level Islam and capitalist economic systens have some similarities related to attitudes which strongly support individuual freedom and private property.Both systems also encourage market mechanisms as a means of allocation and distribution of economoc resources.In a market mechanism there is a balanced force among the market participants.A number of orther similarities can be found in viweing the role of privte initiative in promoting can be found in viewing the role of privite initiave in promoting growth. Meanwhile the similaraties between Islam and socialist economic systems are in explicitly addressing the problems of income distributation and wealth fairly in directly addressing the phenomenon of poverty and hunger as well as in deeplay showing a sense of responsibility towards the society which had no luck