Podcast
Questions and Answers
What is the reason for forbidding the consumption of certain foods for the Jews?
What is the reason for forbidding the consumption of certain foods for the Jews?
- Their involvement in riba (usury) (correct)
- Their obstruction of the path of Allah
- Their improper fundraising methods
- Their excessive wealth accumulation
Why does the Islamic Financial System (IFS) differ from the Conventional Financial System (CFS)?
Why does the Islamic Financial System (IFS) differ from the Conventional Financial System (CFS)?
- IFS complies with Shariah principles (correct)
- IFS focuses on interest-based transactions
- IFS is more profitable for fund units
- IFS only involves government transactions
What makes conventional bonds incompatible with Shariah principles?
What makes conventional bonds incompatible with Shariah principles?
- The involvement of government entities
- The collateral attached to the bonds
- The variable returns provided to investors
- The fixed interest paid to the lender (correct)
In Islamic finance, what type of securities are used to raise funds?
In Islamic finance, what type of securities are used to raise funds?
Which Maqasid Shariah principle is violated by engaging in riba (usury)?
Which Maqasid Shariah principle is violated by engaging in riba (usury)?
What ethical issue arises when individuals hoard excessive wealth according to the text?
What ethical issue arises when individuals hoard excessive wealth according to the text?
What is the primary objective of mobilizing funds from Surplus Fund Units (SFU) to Deficit Fund Units (DFU) in Islamic Financial Systems?
What is the primary objective of mobilizing funds from Surplus Fund Units (SFU) to Deficit Fund Units (DFU) in Islamic Financial Systems?
How does consuming haram (forbidden) food impact an individual's ethical values?
How does consuming haram (forbidden) food impact an individual's ethical values?
Why is it imperative for Islamic financial institutions to ensure compliance with Syariah principles?
Why is it imperative for Islamic financial institutions to ensure compliance with Syariah principles?
Which core Islamic principle is undermined by individuals who obstruct the path of Allah?
Which core Islamic principle is undermined by individuals who obstruct the path of Allah?
