Introduction to Islamic Banking and Finance.Part4

This is part four of introduction to Islamic Banking and Finance

1. Islamic economics Definition Islamic economics is `the study of economics in the light of Islamic principles', or `bringing economics in consonance with the Shari'ah ’ Islamic economics as `a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses, in the light of the Shari'ah '. Islamic economics is the knowledge and application of injunctions and rules of the Shari'ah that prevent injustice in the acquisition and disposal of material resources in order to provide satisfaction to human beings and enable them to perform their obligations to Allah and the society.

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15. Questions Summarize the sent article in two paragraphs.