ISLAMIC ECONOMICS

The ultimate happiness in Islam is achieved in the hereafter, not in this world.

• TRUE

• FALSE

In Islamic economics, choice is guided by greed and selfishness.

• TRUE

• FALSE

According to Islamic economics, what is the main objective of man on earth?

• Maximize profit

• Worship Allah

• Accumulate wealth

• Achieve material happiness

Which of the following is NOT a component of the economizing problem in secular economics?

• Scarcity of resources

• Unlimited wants

• Ethical considerations

The concept of brotherhood in Islam emphasizes mutual cooperation and sharing of resources.

• TRUE

• FALSE

Tawhid refers to the belief in the oneness and unity of Allah.

• TRUE

• FALSE

The concept of Maqasid al-Shariah includes the protection of religion, life, intellect, progeny, and wealth.

• TRUE

• FALSE

In Islamic economics, the ultimate goal of man is to maximize material wealth.

• TRUE

• FALSE

What is the primary focus of the Islamic worldview?

• Maximization of material wealth

• Separation of religion and economics

• Integration of faith and economic activities

• Focus on individualism

What does Ihsan mean in Islam?

• To worship Allah as if you see Him

• To focus solely on material wealth

• To separate religion from daily life

• To exploit resources for personal gain