Economics of Islam

 M.A. (PREVIOUS) EXAMINATION 2016 HELD IN 2017

ECONOMICS (PAPER V-E)

ECONOMICS OF ISLAM

Time: 3 hours                                                                          Max Marks: 100

 

Instructions

(1) Attempt any FIVE questions

(2) All questions carry equal marks

 

Q1       Write down the comparative analysis of Islamic principles with mainstream economic philosophies

 

Q2       Islamic economic system argues in favor of equitable distribution of wealth.  Discuss the different approaches to distribution of wealth in Islam

 

Q3       Define the concept of utility in Islam. How the theory of consumer behavior is different from conventional theory?  Explain

 

Q4       Describe the objectives and tools of Fiscal Policy under the Islamic framework

 

Q5       Discuss the socio-economic objectives of an Islamic economy. Also explain the economic functions of state

 

Q6       Explain in detail the difference between Islamic banking and conventional banking with references to mode of financing

 

Q7       Explain the role of capital in socio-economic development of an Islamic economy

 

Q8       Write note on any ONE of the following

I) Sources of Islamic economics

II) Factors of production in Islam

III) Importance of Ijtehad in economic issues

 

M.A. (PREVIOUS) EXAMINATION 2017 HELD IN 2018

ECONOMICS (PAPER V-E)

ECONOMICS OF ISLAM

Time: 3 hours                                                                          Max Marks: 100

 

Instructions

(1) Attempt any FIVE questions

(2) All questions carry equal marks

 

Q1       Briefly discuss the definitions of Islamic economics which are given by Muslim economists

 

Q2       How do you differentiate the role of consumer behavior in modern economics and Islamic economics?

 

Q3       Discuss the importance of labor in Islamic economics.

 

Q4       What are the roles and objectives of Islamic monetary policy? Discuss in detail.

 

Q5       What are the salient features of Islamic economic system?

 

Q6       (A) Why interest is permissible and Usury is not permissible in other religions?

(B) Explain the difference between Ribal al Nasiah and Riba ul Fadal.

 

Q7       (A) What is difference between financial leasing and operating leasing? Discuss the operations of above leasing with reference to Pakistan

(B) Islamic Bank treats its clients has partners or investors where as traditional Bank feeds is clients as debtor or creditor. Comments

 

Q8       Discuss in detail the Economics of Zakat