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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)

  1. What is the role of Market Practice in Riba?
  2. Differentiate between the fundamentals of Islamic economic system and Capitalism.
  3. What different kinds of boundaries (prohibitions/limitations) Islam imposes on economic/financial transactions? Name the boundaries and explain them with examples.
  4. 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?
  5. 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).
  6. Write in your own word the Snapshot of current status of Islamic banking in Pakistan.
  7. 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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