Flashcards : Islamic Economics and Social Finance — 10 cartes

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1Question

Market & state — Islamic role?

Réponse

Balanced interaction: markets operate within Sharia, with the state promoting justice and social welfare.

2Question

Islamic Economics — definition?

Réponse

A social science based on Islamic worldview and ethics.

3Question

Property ownership — Islamic view?

Réponse

Resources are trusts (*Amanah*) from Allah, with ethical, accountable use.

4Question

Falah — meaning?

Réponse

Success and well-being in this world and after.

5Question

Islamic economics — goal?

Réponse

Achieve *al-falah* (success and well-being) through justice and ethical resource management.

6Question

Trust (Amanah) — role?

Réponse

Humans are trustees responsible for Allah’s resources.

7Question

Ownership types — in Islam?

Réponse

Private, public, and common; all owned by Allah.

8Question

Wealth distribution — methods?

Réponse

Zakat, sadaqah, waqf, inheritance laws.

9Question

Incentives — in Islamic economics?

Réponse

Spiritual, moral, material, and legal motivations.

10Question

Decision-Making — approach?

Réponse

Balanced, guided by Sharia, consultation (Shura).

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1. What do Islamic economic principles primarily emphasize?

2. What is the ultimate goal of Islamic economics as defined in the revision sheet?

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