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Quaid-e-Azam College of Commerce, University of Peshawar

M.Com 4th Semester, Mid Term Online Examination (Friday 10th July 2020)

Subject: Islamic Injunctions about Business

Maximum Time: 4 Hours Maximum Marks: 30

Start Time: 2:00 PM Closing: 6:00 PM

INSTRUCTIONS / GUIDELINES TO ATTEMPT THE PAPER AND SUBMIT THE

ANSWERS

1. 3 Questions are given Attempt All Questions. All questions carry equal marks
2. Write in your own words. Don’t do cut /copy paste. Use your own wisdom and
understanding of the subject
3. Cut /copy, paste will not get marks..Don’t try to cheat. If you do so, you will not cheat
anyone else but your own self.
4. Type / post your answers on LMS and submit before the closing time
5. If any problem in typing, you may prepare a handwritten answer, scan it and submit the
scanned copy on LMS before the closing time.
6. If you have a genuine problem of log in ,etc, and you cannot submit it on LMS , then
send it on following two email Injunctionislamic@gmail.com
7. Time of submission is important. It will be checked.
8. Carefully note marks distribution in different parts of a question
9. DO NOT FORGET TO WRITE YOUR NAME AND ROLL NUMBER

Question No 1

(i) Discuss importance and need of studying Islamic Injunctions about Business with
special reference to Pakistan’s Socio-economic situation in the 21st century

Marks : 5
(ii) Evaluate the impact of Islamic Economic Injunctions vs Capitalist Economic
System on the Production and Distribution of Wealth in an Economy. Marks : 5

Question No 2

(i) Describe the status of a Joint Stock company as a legal person Marks : 3
(ii) How far the “legal person status: is acceptable to Shariah? Give Reasons in favor of
your opinion Marks : 7
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Question No 3

(i) Explain what is meant by “Limited Company” Marks : 3

(ii) What are the negative aspects of Limited Liability with special reference to
Pakistan? Share, discuss and evaluate the opinion of Dr. Mahmood Ghazi in this
respect. Marks : 7

THE END