Question: Please write A for the true statement and B for the false stamement in your ANSWERING SHEET. 1 Shahadah is second of the Five Pillars

Please write A for the true statement and B for the false stamement in your ANSWERING SHEET.

1

Shahadah is second of the Five Pillars of Islam

2.In Islam, hardcore poor and marginally poor people will not be assisted using the funds collected known as zakah/zakat which is managed by Baitulmal.

3.Allah is the creator and the owner of the universe, thus the lawmaker whose the law should be observed by the individuals. The economics activities in Islam have to be in the boundary of the permissible or Shariah-compliant manners

4.The general consensus among Islamic scholars is that riba covers not only usury but also the charging of interest as widely practiced

5.Prohibition of riba, a term literally an excess and interpreted as any unjustifiable increase of capital whether in loans or sales is the central tenet of the system.

6.Islam recognizes the time value of money, but only when it acts as capital not when it is potential capital.

7.An Islamic financial system encourages hoarding and prohibits transactions featuring extreme uncertainties, gambling, and risks.

8.Any investment in businesses dealing with alcohol, gambling, and casinos would be prohibited in Islam

9.The Prophet Muhammad (pbuh) had laid down that it is better for a Muslim to be a rich person rather than a poor one

10.Wajib is an action which is rewarded, but the omission is not punishable

11.Makruh is an action is disliked (or offensive act) yet not punishable, but the omission is rewarded

12.Fiqh of Islamic jurisprudence is the source of a range of laws in different topics that govern the lives of the Muslims in all facets of everyday life

13.Sunnah must be followed entirely by Muslims as it is a collection of the words of Allah SWT revealed to Prophet Muhammad SAW through the angle Jibrail a.s to be taught to people for guidance in their lives in this world

14.Ijmak ulama is everything that came from the Prophet Muhammad SAW in terms of words, deeds, attributes, behavior, journeys of life or confession (takrir), whether before or after being an apostle

Please write A for the true statement and B for the false stamement in your ANSWERING SHEET.

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