Get Qardan Hasana 2020-2024

In Islam, taking a loan is generally considered permissible as long as it is done in ance with Islamic principles. These principles include avoiding interest-based transactions, which are considered exploitative and contrary to the teachings of Islam.

Syedna Mufaddal Saifuddin is the 53rd al-Dai al-Mutlaq and present leader of the worldwide Dawoodi Bohra community. He has dedicated his life to the service of the community and the betterment of society at large, with a special emphasis on education, environmental responsibility and socio-economic development.

In Islam, taking a loan is generally considered permissible as long as it is done in ance with Islamic principles. These principles include avoiding interest-based transactions, which are considered exploitative and contrary to the teachings of Islam.

Concept. The concept of Qardh al-hasan is to assist the poor or needy by offering a loan without any interest. The Quran states that such a loan is beautiful and admirable because the borrower of such a loan is God; not the person receiving the money.

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. On principle, Islam does not allow interest. Should a borrower encounter difficulty, the lender must extend the repayment time.

Qardh al-hasan (Arabic: قرض الحسن, transl. benevolent lending) is the one which is without a collateral. However some Ulama deem it a form of interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence (ihsan).

Syedna Mufaddal Saifuddin is the 53rd al-Dai al-Mutlaq and present leader of the worldwide Dawoodi Bohra community. He has dedicated his life to the service of the community and the betterment of society at large, with a special emphasis on education, environmental responsibility and socio-economic development.

Concept. The concept of Qardh al-hasan is to assist the poor or needy by offering a loan without any interest. The Quran states that such a loan is beautiful and admirable because the borrower of such a loan is God; not the person receiving the money.

Qard means fully repayment with guarantee. Qard refers to a contract of lending money by a lender (Customer) to a borrower (Bank) where the latter is bound to repay an equivalent replacement amount of the lender.

In many parts of the Quran, Qard Al-Hassan is praised with the use of the words 'favorable debt- loan' and is generally promoted. Almighty Allah willed it in numerous verses of the Quran: 'Who is it that would loan Allah a goodly loan so He will multiply it for him and he will have a noble reward? ' (al-Hadid, 57/11).

Concept. The concept of Qardh al-hasan is to assist the poor or needy by offering a loan without any interest. The Quran states that such a loan is beautiful and admirable because the borrower of such a loan is God; not the person receiving the money.

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. On principle, Islam does not allow interest. Should a borrower encounter difficulty, the lender must extend the repayment time.

Qardh al-hasan (Arabic: قرض الحسن, transl. benevolent lending) is the one which is without a collateral. However some Ulama deem it a form of interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence (ihsan).

Concept. The concept of Qardh al-hasan is to assist the poor or needy by offering a loan without any interest. The Quran states that such a loan is beautiful and admirable because the borrower of such a loan is God; not the person receiving the money.

Qard means fully repayment with guarantee. Qard refers to a contract of lending money by a lender (Customer) to a borrower (Bank) where the latter is bound to repay an equivalent replacement amount of the lender.

In many parts of the Quran, Qard Al-Hassan is praised with the use of the words 'favorable debt- loan' and is generally promoted. Almighty Allah willed it in numerous verses of the Quran: 'Who is it that would loan Allah a goodly loan so He will multiply it for him and he will have a noble reward? ' (al-Hadid, 57/11).