IE1001

1.	Compare and contrast the role of economic agents in conventional and Islamic economic systems.	Jun10LE
2.	Briefly discuss the primary sources of knowledge in Islam and show their relevance in economic activities	Jun10SE
3.	What do you understand by ‘methodology of Islamic economics’?	Jan10SE
4.	Discuss the relevance of shari‘ah for non-Muslims in an Islamic society?	Jan10SE
5.	Discuss the concept of the economizing problem from secular and Islamic perspectives.	PES
	Briefly explain and compare the concepts of scarcity, unlimited wants and choice from secular and Islamic perspectives.	Jun10SE
6.	What do you understand by the Islamic Worldview and how it is related to happiness in both worlds?	PES
	Compare and contrast the core elements of Islamic and secular worldviews. Discuss how the above differences in worldviews influence economic motivation, behavior and polices	Aug09LE
7.	Differentiate between secular and Islamic sources of knowledge in relation to economics. Explain the relation between ethics and economics from Islamic and secular perspectives.	PES
	Explain the importance of Islamic ethics in guiding producer behavior. Discuss the relevance of corporate governance in Islamic business.	Jun10LE
8.	Discuss the concept of khalifah in the production, allocation and distribution of resources from the Islamic perspective.	PES
	Explain how the concept of khalifah influences economic behavior of individuals in an Islamic economy.	Aug2009 (SE)
	Why is man as a Khalifah regarded as a trustee over all resources in this world? What is the role of the trustee towards efficient utilization of these resources?	Jan10LE
9.	Discuss how economic systems are viewed from the capitalistic, socialistic and Islamic perspectives?	PES
	Briefly explain the major features of an Islamic economic system	Aug2009 (SE)
	Explain ANY TWO (2) differences between the capitalist and the Islamic Economic system.	Jan10SE
10.	Explain the profit maximization concept in Islam? And how is profit maximization concept in Islam differs from the conventional system?	PES
11.	Explain the relation between ethics, self interest and economics from Islamic and secular perspectives.	PES
	“Self interest maximization is not a relevant source of motivation in an Islamic economic system”. Discuss the validity of this statement.	Aug09LE
12.	Give the definition of movable and immovable waqf and show how to invest them	PES
13.	State the recipients of zakah and explain why zakah has to be handle by the government	PES/ Jun10SE
	Provide the definition of zakah. Can efficient collection and distribution of zakah eradicate poverty completely from Muslim countries? Provide examples to support your answer?	Jan10LE
14.	Give your justification why al-Qard al-Hassan is not practice widely in the Islamic banking today.	PES
	Discuss why most of the Islamic banks are reluctant to provide al-Qard al-Hassan. Provide suggestions how al-Qard al-Hassan can be useful in Islamic finance.	Jun10LE
15.	“Human capital development is equally relevant to both the secular and Islamic economies”. Do you agree? Explain your position.	PES
16.	Discuss the Role of the Islamic State as a public trustee. Discuss the role of al-Hisbah and show its relevance to the market within the current situation.	PES
	Briefly explain any two roles of al-hisbah in an economy.	Aug09SE
	Explain the role of the state in an Islamic economy.                                 Discuss the views of Muslim scholars on the role of taxation as a source of government revenue.	Aug09LE
	Briefly explain the role of the Islamic state in the market?	Jan10SE
	What is the institution of al-Hisbah and what are its economic functions? Name ONE (1) institution today, which resembles the institution of al-Hisbah and describe its role, regulation and governance.	Jan10LE
	Explain the concept of al-Hisbah and discuss any three of its economic functions in the context of the modern economy	Jun10LE
17.	State the hierarch of Maslahah in the Islamic economy and show the challenges is faces at the present time for its applicability.	PES
	Briefly explain the term maslahah as it relates to economic goals of society and its members.	Aug2009 (SE)
	Provide the definition of maslahah. What is the role of maslahah in defining the goals of an Islamic Economy?	Jan10LE
18.	Since time value of money is associated with riba, therefore there is zero time value of money in Islam.  Discuss the truth of this statement.	PES
	Provide the definition and the functions of money in Islam.	Jan10SE
	What does ‘time value of money’ mean? Discuss the relevance of time value of money in Islamic economics in general and Islamic finance in particular.	Jan10LE
19.	How does gold backing for money help to overcome the adverse effects of money on human wellbeing? View the Role of Golden Dinar as a Monetary Standard in the development of Muslim countries.	PES
	Explain the measures that are conventionally taken to contain inflation and promote stability in the real value of money. Discuss whether backing fiat money with gold can help to overcome the adverse effects of inflation in modern economics.	Jun10LE
20.	Discuss the rational of the prohibition of riba, its types and the stages of its prohibition.	PES
	Differentiate between riba al-nasiah and riba al-fadl.	Aug09SE
	Define Riba an-Nasia and Riba al-Fadl? Provide ONE (1) rationale/reason each for their prohibition?	Jan10SE
21.	Give your views on how Murabahah, Mudharabah, Musharakah and Tawaruq are practice in Islamic banks.	PES
22.	What do you understand by the term voluntary sector?  How can this sector contribute to the development of an economy?	PES
	What do you understand by the term ‘voluntary sector’? Discuss how voluntary institutions can contribute to the development of an Islamic economy.	Aug09LE
23.	Discuss the role of cash-waqf as a new financial product in the Islamic banks.	PES
	What do you understand by movable waqfs? List THREE (3) types of movable waqfs and show how they can be invested.	Jun10SE
24.	Compare and contrast the role of Baitulmal between the early days of Islam and now and state the challenges it faces in the Islamic world today.	PES
25.	Explain wealth and wealth (al-Mal) management from Islamic perspective Discuss the problems and constraints faced by individuals in acquiring and managing wealth in Muslim societies.	Aug09LE