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What is the role of Market Practice in Riba? Differentiate between the fundamentals of Islamic economic system and Capitalism. What different kinds of boundaries (prohibitions/limitations)
- What is the role of Market Practice in Riba?
- Differentiate between the fundamentals of Islamic economic system and Capitalism.
- What different kinds of boundaries (prohibitions/limitations) Islam imposes on economic/financial transactions? Name the boundaries and explain them with examples.
- Read about Pakistani economy in the link provided: (https://en.wikipedia.org/wiki/Economy_of_Pakistan), and evaluate this in the light of Islamic economic system. You are supposed to pin point what is good and bad?
- Read from page 03 to 07 of State Bank of Pakistan's Islamic Banking Bulletin of March 2020 (http://www.sbp.org.pk/ibd/Bulletin/Bulletin.asp).
- Write in your own word the Snapshot of current status of Islamic banking in Pakistan.
- During COVID-19, following economic relief packages were delivered by different states.
- Ehsaas Emergency Cash program has been launched by the Prime Minister of Pakistan on April 1, 2020.
- United States issued $1200 checks to Americans.
- The UK government committed 30 billion to saving jobs and helping the young find work in an economy ravaged by the corona virus pandemic.
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