Qard Hasan
English: benevolent loan
Alternate spelling: Qard Hassan, Qard al Hassan
Definition: A loan contract between two parties for social welfare or for short-term bridging finance. Repayment is for the same amount as the amount borrowed. The borrower can pay more than the amount borrowed so long as it is not stated by contract.
Most Islamic banks provide interest-free loans to customers who are in need. The Islamic view of loans (qard) is that there is a moral duty to give them to borrowers free of charge, as a person seeks a loan only if he is in need of it. Some Islamic banks give interest-free loans only to the holders of investment accounts with them; some extend them to all bank clients; some restrict them to needy students and other economically weaker sections of society; and some provide interest-free loans to small producers, farmers and entrepreneurs who cannot get finance from other sources.
« Back to Glossary IndexNews related to Qard Hasan (340)
Central bank set to develop and promote Qard Hasan banking and microfinancing in Iran
Monday, 27 Nov 2023 | Volume20.Issue48
ReportsCBI approves rules on Qard Hasan funds
Thursday, 01 Sep 2022 | Volume19.Issue36
News BriefsCBI increases Qard Hasan repayment period
Monday, 14 Feb 2022 | Volume19.Issue07
News BriefsiBank provides Qard Hasan financing to strengthen community capacity
Wednesday, 17 Nov 2021 | Volume18.Issue47
Correspondent ReportsCBI increases ceiling of Qard Hasan facilities
Wednesday, 28 Jul 2021 | Volume18.Issue31
News BriefsThe Qard Hasan banking experience in Iran
Thursday, 04 Feb 2021 | Volume18.Issue06
Correspondent ReportsQard Hasan
Thursday, 25 Jun 2020 | Volume17.Issue26
Shariah PronouncmentsChanges to the AAOIFI Qard Hasan standard: A game-changer?
Friday, 20 Jul 2018 | Volume15.Issue30
Correspondent ReportsTI provides Qard Hasan financing to DSI
Thursday, 10 Aug 2017 | Volume14.Issue33
News BriefsQard Hasan for Hamdard University students
Wednesday, 01 Jun 2016 | Volume13.Issue23
News BriefsWarba reintroduces Qard Hasan
Monday, 27 Apr 2015 | Volume12.Issue17
News BriefsA newly established Islamic bank would like to launch a credit card product based on Qard Hasan (an interest-free loan)
Wednesday, 10 Jul 2013 | Volume10.Issue27
Shariah PronouncmentsQard and Zakat
Tuesday, 10 Dec 2019 | Volume16.Issue49
Shariah PronouncmentsThe treatment of Qard in Takaful
Wednesday, 16 Dec 2015 | Volume12.Issue50
FeaturesIFN Monthly Review: November — Milestone sovereign issuances
Friday, 01 Dec 2023 | Volume20.Issue49
ReportsElimination of Riba/usury with the inclusion of Islamic microfinance in Pakistan
Tuesday, 24 Oct 2023 | Volume20.Issue43
Special ReportsIslamic business angels — the most important ingredient in the Startup Equity Cycle
Friday, 29 Sep 2023 | Volume20.Issue40
Correspondent ReportsIntegration of IsDB’s economic empowerment initiatives with the ESG agenda
Tuesday, 19 Sep 2023 | Volume20.Issue38
Special ReportsIran to pay Arba’een pilgrimage loan
Wednesday, 23 Aug 2023 | Volume20.Issue35
News BriefsLaw and legal frameworks: A tool to achieve specific industry goals
Tuesday, 13 Jun 2023 | Volume20.Issue24
AnalysesIran: Reforming the banking sector
Tuesday, 16 May 2023 | Volume20.Issue20
AnalysesStrengthening Islamic financial institutions’ social impact for better ESG performance
Thursday, 04 May 2023 | Volume20.Issue19
Correspondent ReportsSalaam Takaful signs MoU with Iqra University
Thursday, 06 Apr 2023 | Volume20.Issue15
TakafulMicrofinance: Witnessing a strong growth rate
Tuesday, 21 Mar 2023 | Volume20.Issue12
AnalysesRemarkable Islamic finance growth in Kazakhstan
Tuesday, 07 Mar 2023 | Volume20.Issue10
FeaturesMonetary policy conduction in dual banking system
Tuesday, 28 Feb 2023 | Volume20.Issue09
FeaturesA glimpse of the Islamic economic system
Tuesday, 28 Feb 2023 | Volume20.Issue09
Special ReportsContribution of Islamic finance in Afghanistan’s financial services market
Tuesday, 21 Feb 2023 | Volume20.Issue08
FeaturesRegulatory issues: Improvements for a supportive regulatory environment
Tuesday, 14 Feb 2023 | Volume20.Issue07
AnalysesBosnia & Herzegovina: Accelerated digital transformation
Friday, 16 Dec 2022 | IFN Annual Guide 2023
FeaturesIran’s Shariah compliant financial system: Toward realization
Friday, 16 Dec 2022 | IFN Annual Guide 2023
FeaturesGetting down to business – micro-investing in recovery and climate change
Friday, 16 Dec 2022 | IFN Annual Guide 2023
FeaturesSalaam Takaful partners with Iqra University
Friday, 25 Nov 2022 | Volume19.Issue48
TakafulIFN Non-Banking Financial Institutions Poll 2022: Industry giants maintain stature
Tuesday, 15 Nov 2022 | Volume19.Issue46
Cover StoryThe power of Islamic crowdfunding in supporting microenterprises: Lessons from Kuwait’s Direct-Aid Society
Tuesday, 25 Oct 2022 | Volume19.Issue43
FeaturesIslamic microfinance issues in social development
Tuesday, 20 Sep 2022 | Volume19.Issue38
FeaturesStart-ups contributing to Canada’s Islamic finance landscape
Wednesday, 07 Sep 2022 | Volume19.Issue37
Correspondent ReportsTakaful — the beauty of risk coverage in an Islamic way
Tuesday, 16 Aug 2022 | Volume19.Issue33
FeaturesAl Sanam Islamic Bank engages ICSFS
Tuesday, 26 Jul 2022 | Volume19.Issue30
News BriefsESG Sukuk: Part 2
Tuesday, 19 Jul 2022 | Volume19.Issue29
Back to BasicsUnlocking Islamic finance for women’s economic empowerment
Tuesday, 05 Jul 2022 | Volume19.Issue27
Correspondent ReportsPayment Cards
Wednesday, 29 Jun 2022 | General
Shariah StandardsShariah compliant financial inclusion in the Balkans
Tuesday, 28 Jun 2022 | Volume19.Issue26
Correspondent ReportsPoverty reduction financing — links return in kind and not in cash
Friday, 03 Jun 2022 | Volume19.Issue23
Correspondent ReportsIslamic retail banking could be starting point in Muslim-minority countries
Tuesday, 24 May 2022 | Volume19.Issue21
Special ReportsIran: Developing a fully Islamic financial market
Tuesday, 17 May 2022 | Volume19.Issue20
AnalysesBosnia-Herzegovina: New year, new struggles
Tuesday, 10 May 2022 | Volume19.Issue19
AnalysesChange in the use of Shariah principles for deposit accounts — issues and challenges
Tuesday, 26 Apr 2022 | Volume19.Issue17
Special ReportsA look at Islamic social banking products in Iran
Monday, 11 Apr 2022 | Volume19.Issue15
Correspondent ReportsSanctions of western countries on Russia make Islamic financial model more in demand
Wednesday, 06 Apr 2022 | Volume19.Issue15
Correspondent Reports