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WAEC Islamic Religious Studies questions: Islamic economic teachings and trade

22 questions with answers and explanations. Tap an option to check yourself.

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All topicsHadith · 22Islam in West Africa and Nigeria · 23Islamic economic teachings and trade · 22Islamic moral teachings (Akhlaq) · 23Marriage, divorce and inheritance · 25Selected suras and Qur'anic sciences · 23Taharah and salat · 28Tawhid and the articles of faith · 22The life of the Prophet (Sirah) · 28The Qur'an: revelation and compilation · 24The rightly guided caliphs · 23Zakat, sawm and hajj · 27

  1. Question 1· Islamic economic teachings and trade· WAEC

    Islam teaches that wealth belongs ultimately to

    Explanation and discussion

  2. Question 2· Islamic economic teachings and trade· WAEC

    A partnership in which one party provides capital and the other provides labour and skill is

    Explanation and discussion

  3. Question 3· Islamic economic teachings and trade· WAEC

    A property endowed permanently for charitable or religious purposes is

    Explanation and discussion

  4. Question 4· Islamic economic teachings and trade· WAEC

    Mudarabah is a

    Explanation and discussion

  5. Question 5· Islamic economic teachings and trade· WAEC

    A partnership in which one party gives capital and the other provides labour, sharing the profit, is

    Explanation and discussion

  6. Question 6· Islamic economic teachings and trade· WAEC

    In Islamic economics, a waqf is

    Explanation and discussion

  7. Question 7· Islamic economic teachings and trade· WAEC

    Islam encourages Muslims to earn a living through

    Explanation and discussion

  8. Question 8· Islamic economic teachings and trade· WAEC

    Which of these does Islam permit?

    Explanation and discussion

  9. Question 9· Islamic economic teachings and trade· WAEC

    Gambling (maysir) is forbidden in Islam because it

    Explanation and discussion

  10. Question 10· Islamic economic teachings and trade· WAEC

    Hoarding goods to push up their prices is called

    Explanation and discussion

  11. Question 11· Islamic economic teachings and trade· WAEC

    The public treasury of the Islamic state is called

    Explanation and discussion

  12. Question 12· Islamic economic teachings and trade· WAEC

    Cheating in weights and measures is condemned in Surah

    Explanation and discussion

  13. Question 13· Islamic economic teachings and trade· WAEC

    Gambling (maysir) is forbidden because it

    Explanation and discussion

  14. Question 14· Islamic economic teachings and trade· WAEC

    Riba means

    Explanation and discussion

  15. Question 15· Islamic economic teachings and trade· WAEC

    Islam encourages lawful trade but forbids

    Explanation and discussion

  16. Question 16· Islamic economic teachings and trade· WAEC

    Riba in Islam refers to

    Explanation and discussion

  17. Question 17· Islamic economic teachings and trade· WAEC

    Land given permanently so that its income supports a mosque or school is a

    Explanation and discussion

  18. Question 18· Islamic economic teachings and trade· WAEC

    Islam prohibits riba because it

    Explanation and discussion

  19. Question 19· Islamic economic teachings and trade· WAEC

    The Prophet said a worker should be paid

    Explanation and discussion

  20. Question 20· Islamic economic teachings and trade· WAEC

    Islam forbids hoarding goods to raise prices. This is called

    Explanation and discussion

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