Which one is not a goal of Islamic economics?

Prepare for the UAE First Gulf Exchange Exam with our comprehensive quiz. Study using multiple choice questions, each with hints and explanations. Get ready to excel in your exam!

The option that states "Sole profit generation" is not a goal of Islamic economics because this system emphasizes broader ethical principles that extend beyond mere profit maximization. Islamic economics integrates welfare, accountability, and social justice into its framework, advocating for economic activities that should contribute to the well-being of society as a whole.

In Islamic economics, profit is certainly an important aspect, but it is not the sole focus. Instead, it promotes the idea that economic activities should have moral and social responsibilities, ensuring that the pursuit of profit does not come at the expense of societal welfare or ethical standards. Therefore, the aim is to create a balanced economic system that aligns financial objectives with the welfare of the community, reflecting the core principles of Islam.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy