As a Financial Instrument, the Concept of Ujrah Has Been

question 30

True/False

As a financial instrument, the concept of ujrah has been used by a number of banks for Sharī'ah-compliant credit card schemes.

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Definitions:

Kohlberg

Refers to Lawrence Kohlberg, an American psychologist best known for his theory of stages of moral development.

Moral Development

The process through which individuals develop an understanding of right and wrong and establish personal values.

Social Norms

Unwritten rules or expected behaviors that are considered acceptable within a society or social group.

Unethical Practices

Actions or behaviors that go against moral principles and standards, often resulting in harm or disadvantage to others.