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The MCQs below are drawn from the Islamic Studies subject category.
Showing 241–250
of 4445 MCQs
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241
Which modern framework guides Islamic development economics?
A. Maqasid al-Shariah-based human development
B. GDP maximization
C. Consumerism
D. Class conflict
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Development is defined by fulfilling maqasid objectives, not mere economic growth.
242
What is the Islamic view on economic freedom?
A. Freedom within moral and legal limits of Shariah
B. Absolute freedom without accountability
C. State monopoly
D. No freedom at all
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Islam balances individual freedom with moral and social responsibility.
243
Which instrument is central to interest-free monetary policy?
A. Profit-sharing instruments like Mudarabah and Musharakah
B. Interest rate adjustments
C. Debt swaps
D. Monetary speculation
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Profit-sharing contracts allow liquidity management without violating Shariah.
244
What is the Qur’anic basis for economic moderation?
A. Surah al-Furqan 25:67 — 'Neither extravagant nor miserly'
B. Surah al-Ma’un
C. Surah al-Falaq
D. Surah al-Mumtahanah
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Qur’an promotes balance and moderation in spending — neither wasteful nor stingy.
245
What role does morality play in Islamic economics?
A. It is integral to every transaction
B. It is separate from economic science
C. It is optional
D. It hinders growth
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Ethics are inseparable from economics, as wealth must be earned and used righteously.
246
What does Islamic fiscal policy emphasize?
A. Redistribution and public welfare
B. Deficit financing through riba
C. Privatization
D. Monetary speculation
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Fiscal policy in Islam prioritizes justice, zakat collection, and public good.
247
Which Islamic economist proposed integrating maqasid al-shari‘ah into modern policy?
A. Jasser Auda
B. Milton Friedman
C. Ibn Rushd
D. Francis Fukuyama
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Dr. Jasser Auda emphasized maqasid-based policy design for ethical and effective governance.
248
What is the Islamic perspective on globalization?
A. Accepted if rooted in justice and ethics
B. Unconditionally rejected
C. Only economic, not moral
D. Irrelevant
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Globalization is acceptable if it promotes equity, justice, and moral conduct.
249
What is the function of Waqf in modern Islamic economies?
A. Sustainable social welfare and education funding
B. Private wealth accumulation
C. Military financing
D. Speculation
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Waqf endowments sustain social welfare, education, and healthcare without interest-based funding.
250
Who wrote 'Iqtisaduna'?
A. Muhammad Baqir al-Sadr
B. M. Umer Chapra
C. Abul A‘la Maududi
D. Ibn Khaldun
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Al-Sadr’s ‘Iqtisaduna’ systematically presents Islamic economics as a divine alternative to capitalism and socialism.