CONFIDENTIAL 1 BA/MAY 2023/ISB566

UNIVERSITI TEKNOLOGI MARA

TEST

COURSE : ISLAMIC ECONOMICS

COURSE CODE : ISB566
EXAMINATION : MAY 2023
TIME : 2 HOURS

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of two (2) questions.

2. Answer ALL questions.

3. Answer the questions in microsoft word format.

4. You are required to upload and submit your answer to: wanyusrol@uitm.edu.my

5. Answer ALL questions in English.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 2 printed pages
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
 CONFIDENTIAL 2 BA/MAY 2023/ISB566

QUESTION 1

a) Islam differs essentially from capitalism and socialism in the nature of the right to
ownership and the rights to economic freedom. Discuss.
(12 marks)

b) Elaborate the core elements of Islamic worldview.

(13 marks)

QUESTION 2

a) One of the issue in economic is scarcity. Explain the issue of scarcity from the
prospective of Islamic economy.
(12 marks)

b) Examine how Islamic economics remedy economic problems.

(13 marks)

END OF QUESTION PAPER

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL