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WorksheetsISLAMIC ECONOMICS 3 & 4
Total questions: 15
Worksheet time: 5mins
How should a Muslim man spend his money?
He makes savings as gold and other jewels.
He makes a demonstration for consumption
He spends all consumption to his needs without limit
He spends at first for his consumption to satisfy his needs
Which is NOT a principle of consumption based on Monzer Kahf?
The concept of wealth.
The concept of success.
The concept of moderation.
The time scale of consumer behaviour.
What is the definition of production based on Kahf?
Produce and manufacture such things which are quite essential for human lives.
Fulfilment of one’s own needs in moderation, family and future with contribute to cause of Allah.
Man’s effort to improve material condition and moral to obtain his goal in the hereafter.
Process that transforms resources into finished goods to fulfil consumer’s needs.
Deferred payment sale is referring the sale of goods on a deferred payment basis at a price, which includes a profit margin agreed to by both parties is also called ________.
bai bithamin ajil
mudarabah
murabahah
qard hassan
Choose the effects of consumption on production summarized by Siddiqui.
More resources would be allocated in the quantity of luxury goods demand.
Increase the supply of labour.
More resources would be allocated to the primary comforts of life.
Fewer resources would be allocated for prohibited goods and services.
When the demand for cultural services and leisure increases, it will adversely affect the demand for ___________________.
luxuries only
material comfort and luxuries of life
material comfort only
social needs only
Another name for benevolent loan is _____________.
ijarah thumma al bay’
qard hasan
mudarabah
musyarakah
An objective of production in Islam is to ______________.
attract investor
make a lot of production
fulfill necessity moderately
use production factors maximal
Overconsumption is condemned in Islam and is termed israf which means __________________.
spending in the wrong way
spending in the prohibited activities
spending the lawful matters such as food, clothes and shelter
overspending on lawful matters such as food, clothes and shelter
Which of the following are NOT the objectives of a Muslim producer?
Improve the conditions of society through the use of resources
Maximize level of profits.
Obtain the blessings of Allah SWT.
Achieve reasonable amount of profits.
In marketing strategy, Islamic producer should ____________.
create barriers to entry
follow the fair rules in all its dealing
use the deceptive advertising to promote
participate in lending or borrowing money at fixed price
Production possibilities curve in Islamic economic shows those in underdeveloped countries, the production of __________________.
luxury and necessity good is balanced
luxury goods increased and necessity good increased
luxury goods decreased and necessity good increased
luxury goods increased and necessity good decreased
The pattern of demand for silk and gold by men should be _____________.
zero
infinitive
decrease to one
more than zero but less than one
Why a man will get zero reward while he is consuming legitimate things?
He has no conscious intentions regarding his consumption.
He is ready to refrain from consuming anything that God prohibits.
He is sharing some of his consumption with others example by paying zakah.
He is changing the composition of his consumption through substituting halal for haram things.
Which items are allowed in production output based on Islam?
Magazines which are entertainment-oriented and gossip.
Clothing degrading someone.
Cough medicines and painkillers.
The video shows the violent action.
