If I read the format correctly, it depicts the Greek character standing on a stack of books with the “Arab” standing on a pile of money, insinuating that the European’s high education/wisdom/whatever is superior to the “Arab’s” wealth. The fact that Ancient Greek philosophy was only passed down to post-medieval Europe by Arab/Ottoman scholars and that the Islamic world has a rich intellectual tradition that is in no way inferior to that of the European peoples was probably not considered in the inception of the underlying format.

Tl;dr: It’s racist.