Islamic ideology of socio -economic integrity is based on removing interest and all other unfair means and elements from the world The Islamic system provides facility relating to any financial activities like lending functions, borrowing functions and investment functions on a risk and loss-sharing basis This enables the market forces to find the output of capital instead of fixing it in advance as "interest rate" to damage the system of free market and support tentative use and capital hoarding. The Islamic system of financial activities ensures the most favorable rate regarding formulation of capital and its efficient use guide to reasonable opportunities and strong economic growth. This system is purely the value-based scheme, which largely aims at ensuring material and moral welfare of the person and society in one piece. The activities regarding Islamic banking and finance were particularly remained around the three regions of the world, which include Southeast Asia, Middle East and South Asia The area of Middle East was totally occupied by Muslim communities so this region is called the homeland of Islamic banking. There is a big support towards the Islamic banking and finance in the region of Middle East from governments, wealthy individuals and some state institutions. The greater part of the regulatory authorities of Islamic banking industry and finance industry are situated in the region of Middle East. Most of the sound countries have planned to merge their central banking systems and monetary systems by 2010. This kind of developments in the regions of Middle East countries and worldwide, put a huge impact on the industry of Islamic banking and industry of finance. In South Asia, especially Pakistan has just introduced the Islamic banking system. Bangladesh has also introduced the harder polices regarding Islamic banking due to the growing market and of public. Afghanistan and India is also about to implement Islamic banking policies in future. In Addition. the reaion of Southeast Asia. three countries named Singapore Malavsia and Indonesia are 2. The word it in the sentence"...capital instead of fixing it -.. of paragraph 1 refers to C (A) interest rate (B) market forces (C) loss-sharing basis (D) output of capital 3. The word favorable in the sentence "...the most favorable rate regarding formulation of capital ..." of paragraph 1 is best replaced by C (A) complimentary (B) detrimental (C) agreeable (D) kind

Question

Islamic ideology of socio -economic integrity is based on removing interest and all other unfair means and elements from the world The Islamic system provides facility relating to any financial activities like lending functions, borrowing functions and investment functions on a risk and loss-sharing basis This enables the market forces to find the output of capital instead of fixing it in advance as "interest rate" to damage the system of free market and support tentative use and capital hoarding. The Islamic system of financial activities ensures the most favorable rate regarding formulation of capital and its efficient use guide to reasonable opportunities and strong economic growth. This system is purely the value-based scheme, which largely aims at ensuring material and moral welfare of the person and society in one piece. The activities regarding Islamic banking and finance were particularly remained around the three regions of the world, which include Southeast Asia, Middle East and South Asia The area of Middle East was totally occupied by Muslim communities so this region is called the homeland of Islamic banking. There is a big support towards the Islamic banking and finance in the region of Middle East from governments, wealthy individuals and some state institutions. The greater part of the regulatory authorities of Islamic banking industry and finance industry are situated in the region of Middle East. Most of the sound countries have planned to merge their central banking systems and monetary systems by 2010. This kind of developments in the regions of Middle East countries and worldwide, put a huge impact on the industry of Islamic banking and industry of finance. In South Asia, especially Pakistan has just introduced the Islamic banking system. Bangladesh has also introduced the harder polices regarding Islamic banking due to the growing market and of public. Afghanistan and India is also about to implement Islamic banking policies in future. In Addition. the reaion of Southeast Asia. three countries named Singapore Malavsia and Indonesia are 2. The word it in the sentence"...capital instead of fixing it -.. of paragraph 1 refers to C (A) interest rate (B) market forces (C) loss-sharing basis (D) output of capital 3. The word favorable in the sentence "...the most favorable rate regarding formulation of capital ..." of paragraph 1 is best replaced by C (A) complimentary (B) detrimental (C) agreeable (D) kind

Answer 1

2. (A) interest rate3. (C) agreeable

Answer 2

2. Dalam kalimat "... capital instead of fixing it ..." dari paragraf 1, kata "it" merujuk pada "interest rate". Ini dapat dilihat dari konteks kalimat sebelumnya yang menyatakan bahwa sistem Islam menghapus bunga dan semua cara yang tidak adil lainnya dari dunia. Oleh karena itu, "it" merujuk pada "interest rate" yang merupakan salah satu cara yang tidak adil.3. Dalam kalimat "... the most favorable rate regarding formulation of capital ..." dari paragraf 1, kata "favorable" berarti sesuatu yang menguntungkan atau menguntungkan. Dari pilihan yang diberikan, kata yang paling mendekati makna "favorable" adalah "agreeable".

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