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 (283)
CBI 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
IFN Correspondent ReportsQard 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
FeaturesWaqf funds and equities endowment in Iran
Friday, 03 Sep 2021 | Volume18.Issue36
IFN Correspondent ReportsNew Islamic finance product hits Sri Lankan market
Monday, 23 Aug 2021 | Volume18.Issue34
IFN ReportsFinancing SMEs in Senegal through Islamic finance
Tuesday, 17 Aug 2021 | Volume18.Issue33
Special ReportsElements of the investment agency agreement
Tuesday, 06 Jul 2021 | Volume18.Issue27
Back to BasicsThe power of Islamic microfinance in eradicating poverty
Tuesday, 06 Jul 2021 | Volume18.Issue27
Special ReportsThe Gambia welcomes its first fully-fledged Islamic microfinance institution
Tuesday, 15 Jun 2021 | Volume18.Issue24
IFN ReportsCBI approves payment deferrals
Monday, 14 Jun 2021 | Volume18.Issue24
News BriefsIslamic microfinance: An alternative approach for poverty alleviation in Morocco
Tuesday, 08 Jun 2021 | Volume18.Issue23
Special ReportsIran: A strong drive for innovative products
Tuesday, 18 May 2021 | Volume18.Issue20
IFN AnalysisBosnia-Herzegovina: Building on potential
Tuesday, 11 May 2021 | Volume18.Issue19
IFN AnalysisGoing for green: Islamic ESG financing in 2021
Tuesday, 27 Apr 2021 | Volume18.Issue17
Cover StoryWorld Islamic Fintech Awards 2020: Rainbow after the storm
Thursday, 08 Apr 2021 | Awards Report 2020
IFN AwardsNew Takaful regulations for Algeria
Tuesday, 16 Mar 2021 | Volume18.Issue11
FeaturesAlgeria: A special regulation for Takaful
Monday, 15 Mar 2021 | Volume18.Issue11
IFN Correspondent ReportsAlgeria publishes decree regulating Takaful operations
Tuesday, 09 Mar 2021 | Volume18.Issue10
IFN ReportsIslamic financial instruments for social development
Tuesday, 02 Mar 2021 | Volume18.Issue09
Special ReportsIslamic fintech growing but needs solid enterprise risk management systems
Friday, 26 Feb 2021 | Volume18.Issue09
IFN Correspondent ReportsNew player
Tuesday, 09 Feb 2021 | Volume18.Issue06
Editor`s NoteThe pandemic’s effects on Islamic banks in Jordan
Tuesday, 02 Feb 2021 | Volume18.Issue05
FeaturesIslamic microfinance online education — a core ingredient for market growth
Friday, 29 Jan 2021 | Volume18.Issue05
IFN Correspondent ReportsIslamic social cryptos underway as part of Malaysian–Singaporean partnership
Tuesday, 19 Jan 2021 | Volume18.Issue03
IFN ReportsPost-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
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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 | Awards Report 2020
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 Reports