The document discusses and analyzes financial policies as the most important tools for implementing macroeconomic policies in all civilized countries of the world. However, in developing countries they are generally unstable which results in financial instabilities and economic failures. The situation for some Islamic countries that started to implement financial Islamic policies is awkward with less developed research and hasty applications. The current research is concerned with describing, testing the viability and assessment of such application. Though it is only a step but more studies are conducted in similar way.