Qard, derived from the Arabic word "قرض," refers to a unique financial concept in Islamic finance, embodying the principle of interest-free benevolent loans ...

Qardh al-hasan is an Islamic concept of interest-free lending. It is based on the principle of helping others without expecting a financial gain.

Qard, the Arabic term for "loan," is prominently used in both Islamic and conventional banking, particularly in Arabic-speaking regions. Islamic banks often ...

The contract of qard is one of lending money. It is not a sale contract or a lease contract, but rather a contract where one party transfers ownership over a ...

a special form of loan offered by Islamic financing institutions disbursed in specific welfare sector at zero or low cost with no urgency for repayment.

This paper provides a framework to understand the concept, nature, character and application of Qard (loan) from Shariah perspective. The discussion of the ...

It aims to foster love, brotherhood and unity. According to Farooq (2007), in financing Qard al-Hasan, an additional amount that is required is prohibited.

Qard hasan-commonly defined as an interest-free loan-is a benevolent economic behaviour, an outlet for the placement of savings, an instrument of finance and an ...

Qard hassan is a loan extended on a goodwill basis, mainly for welfare purposes. The borrower need only pay back the amount they borrowed, with no interest.