Under Islam, Which of the Following Practices Is Not Permitted

question 40

Multiple Choice

Under Islam, which of the following practices is not permitted a Muslim?

• A) making money from money
• B) speculation and gambling
• C) earning interest
• D) All of the above are not permitted for a Muslim.

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Definitions:

Specialization

The process of focusing resources on a limited range of goods or services to gain efficiency or quality advantages.

Comparative Advantage

The capability of an entity to generate a specific product or offer a service with lesser marginal and opportunity costs compared to others.

Trade Benefits

Trade benefits refer to the advantages a country gains from engaging in international trade, such as increased economic growth, diversity of goods, and improved efficiency.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient economic outcomes.