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Al-Qardh Al-Hasan

Islam allows loan as a form of social service among the rich to help the poor and those who are in need of financial assistance. Loan in Islam may be obtained in two ways: (i) Loan with condition of repayment, and (ii) gratuitous loan without any compensation or gift. However, Islam does not recogni...

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Main Authors: Sukria, Siti Nabilah, M. Ali, Amy Zuhaira, Kayadibi, Saim
Format: Book Chapter
Language:English
Published: IIUM Press 2011
Subjects:
HG Finance
Online Access:http://irep.iium.edu.my/20530/1/AI-Qardh_AI-Hasan.pdf
http://irep.iium.edu.my/20530/
http://rms.research.iium.edu.my/bookstore/default.aspx
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spelling my.iium.irep.205302012-11-06T10:35:09Z http://irep.iium.edu.my/20530/ Al-Qardh Al-Hasan Sukria, Siti Nabilah M. Ali, Amy Zuhaira Kayadibi, Saim HG Finance Islam allows loan as a form of social service among the rich to help the poor and those who are in need of financial assistance. Loan in Islam may be obtained in two ways: (i) Loan with condition of repayment, and (ii) gratuitous loan without any compensation or gift. However, Islam does not recognize any loan with interest for the benefit of the debtor. It only recognizes gratuitous loan or better know it as AI-qard AI-hasan. Such loans have not been uncommon in human history among peers, friends and relatives. Kindness is encouraged in Islam. The Prophet SAW is reported to have said: "The inmates of Paradise are of three types: one who wield authority and is just and fair; one who is truthful and has been endowed with power to do good deeds and the person who is merciful and kind hearted towards his relatives and to every pious muslim, and who does not stretch out of his hand in spite of having a large family to support IIUM Press 2011 Book Chapter REM application/pdf en http://irep.iium.edu.my/20530/1/AI-Qardh_AI-Hasan.pdf Sukria, Siti Nabilah and M. Ali, Amy Zuhaira and Kayadibi, Saim (2011) Al-Qardh Al-Hasan. In: The Principal of Currency Value System and Islam Banking and Finance. IIUM Press, Kuala Lumpur, pp. 155-169. ISBN 978-967-418-118-5 http://rms.research.iium.edu.my/bookstore/default.aspx
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Sukria, Siti Nabilah
M. Ali, Amy Zuhaira
Kayadibi, Saim
Al-Qardh Al-Hasan
description Islam allows loan as a form of social service among the rich to help the poor and those who are in need of financial assistance. Loan in Islam may be obtained in two ways: (i) Loan with condition of repayment, and (ii) gratuitous loan without any compensation or gift. However, Islam does not recognize any loan with interest for the benefit of the debtor. It only recognizes gratuitous loan or better know it as AI-qard AI-hasan. Such loans have not been uncommon in human history among peers, friends and relatives. Kindness is encouraged in Islam. The Prophet SAW is reported to have said: "The inmates of Paradise are of three types: one who wield authority and is just and fair; one who is truthful and has been endowed with power to do good deeds and the person who is merciful and kind hearted towards his relatives and to every pious muslim, and who does not stretch out of his hand in spite of having a large family to support
format Book Chapter
author Sukria, Siti Nabilah
M. Ali, Amy Zuhaira
Kayadibi, Saim
author_facet Sukria, Siti Nabilah
M. Ali, Amy Zuhaira
Kayadibi, Saim
author_sort Sukria, Siti Nabilah
title Al-Qardh Al-Hasan
title_short Al-Qardh Al-Hasan
title_full Al-Qardh Al-Hasan
title_fullStr Al-Qardh Al-Hasan
title_full_unstemmed Al-Qardh Al-Hasan
title_sort al-qardh al-hasan
publisher IIUM Press
publishDate 2011
url http://irep.iium.edu.my/20530/1/AI-Qardh_AI-Hasan.pdf
http://irep.iium.edu.my/20530/
http://rms.research.iium.edu.my/bookstore/default.aspx
_version_ 1643607934886739968
score 13.211869

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