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The MCQs below are drawn from the Islamic Studies subject category.
Showing 261–270
of 4445 MCQs
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261
Which modern economist introduced the concept of 'human well-being (maslahah) as development'?
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Explanation
Siddiqi emphasized development as fulfilling human needs within moral and spiritual dimensions.
262
What is the Qur’anic term opposing the concentration of wealth?
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Explanation
Qur’an 59:7 prohibits wealth from circulating only among the rich, promoting equity and justice.
263
Which organization standardizes Shariah compliance in global Islamic finance?
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Explanation
AAOIFI develops global Shariah standards for Islamic financial institutions.
264
What role does 'Shura' play in Islamic economic governance?
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Explanation
Shura ensures participatory decision-making consistent with justice and consultation (Qur’an 42:38).
265
What does 'al-Iqtisad al-Islami' mean?
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Explanation
‘Al-Iqtisad al-Islami’ literally means Islamic economics — the discipline of managing resources in line with Shariah.
266
Who is Dr. M. Umer Chapra known as in the field of Islamic economics?
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Explanation
Dr. Chapra integrates moral and institutional reform in Islamic macroeconomics.
267
What principle does the Islamic Development Bank operate on?
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Explanation
The IDB uses Shariah-compliant mechanisms such as Mudarabah, Murabahah, and Ijarah.
268
When was the Islamic Development Bank (IDB) established?
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Explanation
The IDB (now IsDB) was founded in 1975 to promote Islamic finance and socio-economic development among Muslim nations.
269
Which institution established the first modern Islamic bank in 1963?
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Explanation
Mit Ghamr, founded by Ahmad El-Naggar, was the first Islamic bank prototype operating on profit-sharing principles.
270
What does 'falah' represent in modern Islamic economic discourse?
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Explanation
Falah represents material and spiritual well-being through justice, balance, and obedience to Allah.
