Question: Question 2 ( 25 marks) Explain how Islamic finance can play a major role in fulfilling the goals of sustainable development and how Islamic financial

Question 2 (25 marks)

Explain how Islamic finance can play a major role in fulfilling the goals of sustainable development and how Islamic financial contracts can create development impact. (600 words)

Question 3: (15 marks)

Define Shariah and the basics upon which it is established andlist the principles of an Islamic finance system. (300 words)

Question 4: (15 marks)

Compare Islamic social finance and commercial Islamic banking while mentioning instruments for each type in delivering the intended outcomes. (300 words)

Question 5: (20 marks)

What is the impact of reporting updated information to intergovernmental organizations such as the OCED on Islamic finance for development on SDGs? Support your answer with relevant examples from the report. (400 words)

Explain how Islamic finance can play a major role in fulfilling the goals of sustainable development and how Islamic financial contracts can create development impact. (600 words)

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