Qard al-Hasan (also used in German)

In Islamic banking, this is understood to mean an interest-free, earmarked loan to the poor. As a rule, the granting of such a loan requires the recommendation of a religious authority; the loans are also usually secured. As a rule, they are not granted for consumptive purposes, but mostly for the (re)construction of houses and apartments, for medical treatment of the breadwinner (breadwinner: breadwinner of a family) and, more recently, often also as a monthly allowance for the acquisition of manual training. – See ijara, istisna, mudaraba, murabaha, musharaka, salam, sukuk, prohibition of interest.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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Zitieren

Merk, G. (Hrsg.): „Qard al-Hasan (also used in German)“. In: Finanz- und Wirtschaftslexikon. https://www.gerhardmerk.de/qard-al-hasan-also-used-in-german/ (Stand: 25.07.2023).

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