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Home > QFINANCE Dictionary > Definition of qard hassan

Definition of

qard hassan

Finance

interest-free loan in Islamic financing, a loan, which under Islamic law is always free of profit. A qard may also be a bank deposit, which is considered a loan to a bank for its use but which must be returned to the depositor upon request.

Related definitions of "qard hassan"

qard hassan - Related Articles
  • The Emergence and Development of Islamic Banking

    Best Practice

    The experiences of Islamic banking in Muslim countries as well as Muslim-inhabited countries in Europe and America have been very encouraging, even though some problems were encountered at the outset (Hassan, 1999). The emergence and development of Islamic banking in the modern world has witnessed dramatic changes
    By Umar Oseni, M. Kabir Hassan

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Definitions of ’qard hassan’ and meaning of ’qard hassan’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’qard hassan’ and other financial terms with our online QFINANCE Financial Dictionary.

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