Mark your progress
Not startedYour choice is saved on this device, so you can pick up where you left off.
Contents & notes: what this topic covers
Under Islamic Economic System, the JAMB Islamic Studies syllabus expects you to study:
- 13. Islamic Economic System
- (i) Islamic attitude to Riba (Q.2:275-280) (Q.3:130) (Q.4:161) Hadīth 6th of an- Nawāwī
- (ii) At-tatfif (Q.83:1-6)
- (iii) Hoarding (ihtikar) (Q.9:34)
- (iv) Islamic sources of revenue: Zakah, Jizyah, Kharaj and Ghanimah
- (v) Baitul-mal as an institution of socio- economic welfare
- (vi) Difference between the Islamic economic system and the Western economic system
Study notes & guidance
Study Islamic Economic System using a recommended Islamic Studies textbook that follows the JAMB syllabus. Work through the contents listed above one by one, make brief notes in your own words, and then practise as many questions on this topic as you can — in Islamic Studies, understanding and steady practice matter far more than memorising. Use the objectives below as a checklist: if you can do each one confidently, you have mastered this topic.
Objectives — candidates should be able to
After studying Islamic Economic System, you should be able to:
- (i) analyse Islamic attitude to Riba; (i) relate at-tatfif and its negative consequences; Islamic Religious Studies (i) examine ihtikar and its implications on society. (i) identify the sources of revenue in Islam; (ii) evaluate the disbursement of the revenue. (i) explain the uses of baitul-mal in the Ummah. (i) differentiate between the Islamic and Western economic systems.
These objectives are from the official JAMB syllabus. Use them as a checklist — if you can do each one confidently, you have mastered this topic.
Source: official JAMB UTME Islamic Studies syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026. Always confirm the current syllabus on the official portal.