10 Questions
What is the reason for forbidding the consumption of certain foods for the Jews?
Their involvement in riba (usury)
Why does the Islamic Financial System (IFS) differ from the Conventional Financial System (CFS)?
IFS complies with Shariah principles
What makes conventional bonds incompatible with Shariah principles?
The fixed interest paid to the lender
In Islamic finance, what type of securities are used to raise funds?
Debt and equity securities
Which Maqasid Shariah principle is violated by engaging in riba (usury)?
Preservation of wealth
What ethical issue arises when individuals hoard excessive wealth according to the text?
Social inequality
What is the primary objective of mobilizing funds from Surplus Fund Units (SFU) to Deficit Fund Units (DFU) in Islamic Financial Systems?
Syariah compliance and resource allocation
How does consuming haram (forbidden) food impact an individual's ethical values?
Weakens moral principles
Why is it imperative for Islamic financial institutions to ensure compliance with Syariah principles?
To guarantee ethical financial practices
Which core Islamic principle is undermined by individuals who obstruct the path of Allah?
Submission to God's will
Explore the unique value proposition of the Islamic financial system compared to the conventional financial system. Understand how Islamic finance is governed by ethical values based on religious foundations.
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