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61884Assignment Tasks NO 01

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5 views

61884Assignment Tasks NO 01

Uploaded by

maryamnoorrr13
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment Tasks NO 01

(500 words min)

1. Explain the concept of Riba in the context of Islamic finance. Differentiate


between Riba Al-Fadl and Riba An-Nasia with appropriate examples.

2. Critically analyze why Riba is considered Haram in Islam from both a spiritual and
socio-economic perspective. Reference at least three primary sources (Quran, Hadith,
and scholarly interpretations).
3. Discuss the ethical implications of Riba on society. Address how the prohibition of
Riba aims to create a balanced, fair financial system, and the potential consequences
on social inequality if Riba were allowed.
4. Contemporary Issue Analysis: Examine a real-world case where a country or bank
attempted to implement Islamic banking principles and the challenges faced in
eliminating Riba from their financial system. What alternative solutions were
proposed?

Note:

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