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.
News related to Qard Hasan (260)
Qard Hasan
Thursday, 25 Jun 2020 | Volume17.Issue26
Shariah PronouncementChanges to the AAOIFI Qard Hasan standard: A game-changer?
Friday, 20 Jul 2018 | Volume15.Issue30
IFN 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 PronouncementQard and Zakat
Tuesday, 10 Dec 2019 | Volume16.Issue49
Shariah PronouncementThe treatment of Qard in Takaful
Wednesday, 16 Dec 2015 | Volume12.Issue50
FeaturesPost-pandemic opportunities for Islamic finance in Singapore
Tuesday, 12 Jan 2021 | Volume18.Issue02
Special ReportsGrowing Islamic finance in Tanzania
Tuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesIslamic microfinance critical for economic recovery: A micro and small enterprise perspective
Tuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesPublic–private partnership for Islamic SMEs to survive
Tuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesKyrgyzstan: Islamic finance to mobilize domestic resources and attract additional investments
Tuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesCan social Islamic finance instruments help the economic growth in 2021?
Tuesday, 15 Dec 2020 | Volume17.Issue50
IFN Correspondent ReportsBank Islam launches BangKIT Microfinance
Thursday, 26 Nov 2020 | Volume17.Issue48
News BriefsIFN Non-Banking Financial Institutions Poll 2020: Winners revealed!
Tuesday, 10 Nov 2020 | Volume17.Issue45
Cover StoryCBI raises ceiling
Thursday, 22 Oct 2020 | Volume17.Issue43
News BriefsThe role of Islamic microfinance in the revival of MSMEs
Tuesday, 06 Oct 2020 | Volume17.Issue40
Special ReportsShariah compliant regtech beyond self-regulated ecosystems
Tuesday, 22 Sep 2020 | Volume17.Issue38
Special ReportsCBI issues new resolutions
Wednesday, 26 Aug 2020 | Volume17.Issue35
News BriefsCOVID-19 and emerging Shariah issues in Islamic finance
Thursday, 30 Jul 2020 | Volume17.Issue31
IFN Correspondent ReportsCBI clears the air
Thursday, 16 Jul 2020 | Volume17.Issue29
News BriefsA steady climb for Islamic finance: Is the worst behind us?
Tuesday, 30 Jun 2020 | Volume17.Issue26
Cover StoryFocusing on fintech
Wednesday, 24 Jun 2020 | Volume17.Issue26
IFN Correspondent ReportsIran’s banking sector: Counting on consolidation?
Tuesday, 09 Jun 2020 | Volume17.Issue23
Cover StoryMeeting cash requirements, an urgent problem for Islamic banks
Friday, 29 May 2020 | Volume17.Issue22
IFN Correspondent ReportsFighting COVID-19’s economic impact at the micro level
Thursday, 21 May 2020 | Volume17.Issue21
IFN Correspondent ReportsInterest-free microfinancings
Wednesday, 20 May 2020 | Volume17.Issue21
IFN Correspondent ReportsIran: More to come
Tuesday, 19 May 2020 | Volume17.Issue20
IFN AnalysisBosnia-Herzegovina: More players welcome
Tuesday, 12 May 2020 | Volume17.Issue19
IFN AnalysisParticipation banks take measures against COVID-19
Thursday, 07 May 2020 | Volume17.Issue19
IFN Correspondent ReportsAfghanistan: What to expect in 2020?
Wednesday, 06 May 2020 | IFN Annual Guide 2020
FeaturesIslamic microfinance: Small but with mighty potential for the next decade
Wednesday, 06 May 2020 | IFN Annual Guide 2020
FeaturesUnlocking Islamic social finance to fight impact of COVID-19
Tuesday, 21 Apr 2020 | Volume17.Issue16
FeaturesCOVID-19: Strange times, familiar principles
Tuesday, 21 Apr 2020 | Volume17.Issue16
Special ReportsIFN Weekly Roundup: 11th–17th April 2020
Friday, 17 Apr 2020 | Volume17.Issue16
IFN ReportsCan microfinance soften the economic impact of the coronavirus pandemic?
Tuesday, 14 Apr 2020 | Volume17.Issue15
IFN Correspondent ReportsSouth African firm sets up Islamic trust fund to support struggling MSMEs during COVID-19
Monday, 13 Apr 2020 | Volume17.Issue15
IFN ReportsIslamic solidarity in the face of the consequences of the coronavirus
Friday, 10 Apr 2020 | Volume17.Issue15
IFN Correspondent ReportsNew resolution on donation-based crowdfunding to combat COVID-19 in Iran
Tuesday, 07 Apr 2020 | Volume17.Issue14
Special ReportsMicrofinance: More data, cohesive collaboration and efforts needed
Tuesday, 24 Mar 2020 | Volume17.Issue12
IFN AnalysisCan the debt be considered as capital for a Mudarabah transaction?
Tuesday, 17 Mar 2020 | Volume17.Issue11
Back to BasicsCompany Focus: NRB Commercial Bank–Al Amin
Tuesday, 18 Feb 2020 | Volume17.Issue07
IFN ReportsAccounting changes for Islamic insurers
Tuesday, 18 Feb 2020 | Volume17.Issue07
FeaturesCan Islamic finance increase financial inclusion and economic development?
Tuesday, 28 Jan 2020 | Volume17.Issue04
Special ReportsIndonesia to host inaugural Meeting of Minds Forum 2019
Tuesday, 10 Dec 2019 | Volume16.Issue49
Events reportFund Focus: Trust Waqf Fund
Tuesday, 26 Nov 2019 | Volume16.Issue47
IFN ReportsShariah resolutions as determining factors in treasury products
Tuesday, 26 Nov 2019 | Volume16.Issue47
FeaturesThe Islamic Finance and Sukuk Handbook – where Shariah meets commercial demands
Tuesday, 08 Oct 2019 | Volume16.Issue40
Book ExcerptIslamic microfinance — making financial inclusion work for women
Friday, 27 Sep 2019 | Volume16.Issue39
IFN Correspondent Reports