sure...
but...islam is loosely based on some of the ideals that form communism...the distribution of wealth and so on...i believe there are several laws in islam that force a believe to share his money and so on, and of course the lack of clearness between the authoritarian state and religion...such as in islamic republics like iran.
muslims hate communism in it's russian form because it disallowed followers to profess their religion..but that being eliminated..i think that religion and that economic concept go well together.