Grade 10 · Chapter 21
9 min read · 16 quiz · 4 past-paper questions
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English-medium study questions use English renderings of Sri Lankan O/L Islam I & II papers from 2016–2025. Score 80% in the MCQ practice to complete this step.
4 questions across 4 of 10 papers.
Q1
(iii) Clarify five special features of the Islamic economic system.
Answer:
1. Its divine nature – it is based on Allah's guidance; it does not have the weaknesses of man-made theories.
2. Correcting inequality – wealth is shared so that it does not circulate only among the rich (59:7).
3. Harmony between social welfare and individual welfare – a balanced way, different from both capitalism and socialism.
4. Attending to spiritual and material needs at the same time – values and culture matter as well as profit.
5. No one is wronged – "you will neither wrong nor be wronged" (2:279).
6. Flexibility – apart from what is forbidden, other dealings (mu'amalat) are permitted; ijtihad for new problems.
Q2
(ii) Briefly describe three special features of the Islamic economic system.
Answer:
Any three of the following:
1. Its divine nature – it is based on Allah's guidance; it does not have the weaknesses of man-made theories.
2. Correcting inequality – wealth is shared so that it does not circulate only among the rich (59:7).
3. Harmony between social welfare and individual welfare.
4. Attending to spiritual and material needs at the same time.
5. No one is wronged (2:279).
6. Flexibility – solutions to new problems through ijtihad.
Q3
(viii) What are the two foundations of the Islamic economy?
Answer:
1. Foundations of principle (based on belief)
2. Practical foundations
Q4
(iii) Briefly explain five special features of the Islamic economic system.
Answer:
1. Its divine nature – based on Allah's guidance; all resources belong to Allah (53:31).
2. Correcting inequality – wealth is shared so that it does not circulate only among a few (zakat, sadaqah).
3. Harmony between social welfare and individual welfare – society has a share in the individual's wealth (70:24–25).
4. Attending to spiritual and material needs at the same time; peace and contentment.
5. No injustice to anyone – interest, bribery, cheating and exploitation are forbidden (2:275, 2:188).
6. Flexibility – solutions to new problems through ijtihad; suited to all times.
7. Agreements are written down and witnessed (2:282).
