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What is Islamic Economic Principles and Rulings about?

This document contains a mid-term exam with 4 questions for the Department of Business Administration. [Question 1] discusses various aspects of individual and social life under Islamic law including equality, morality, mercy, freedom, accountability and justice. It also outlines different levels of Islamic legal rulings. [Question 2] defines two types of Riba (interest/usury) that are prohibited in Islamic finance. [Question 3] discusses the concept of Gharar which refers to uncertainty and risk in financi

Author

Rimsha Shiekh

Language

EN