3 Questions
What is the primary source of guidance for financial matters in Islam?
The Quran
What is the concept in Islam that prohibits the payment or acceptance of interest on loans?
Riba
What is the term for the Islamic fiscal policy that involves the mandatory giving of a portion of one's wealth to the needy?
Zakat
Study Notes
Islamic Finance
- The primary source of guidance for financial matters in Islam is the Quran and the Hadith.
Prohibition of Interest
- Riba is the concept in Islam that prohibits the payment or acceptance of interest on loans.
Islamic Fiscal Policy
- Zakat is the term for the Islamic fiscal policy that involves the mandatory giving of a portion of one's wealth to the needy.
Test your knowledge of Islamic finance and fiscal policy with this quiz. Challenge yourself with questions about the primary source of financial guidance in Islam, the prohibition of interest on loans, and the mandatory giving of wealth to the needy. See how well you understand the principles and concepts of Islamic finance and fiscal policy.
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