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Print Form AnjumaneShujaee Qardan Hasanah Houston, Texas Qardan Hasanah Application Requirements Requirements Application form duly completed and signed Written consent of at least two Mumineen to.

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In many parts of the Quran, Qard Al-Hassan is praised with the use of the words 'favorable debt- loan' and is generally promoted. Almighty Allah willed it in numerous verses of the Quran: 'Who is it that would loan Allah a goodly loan so He will multiply it for him and he will have a noble reward? ' (al-Hadid, 57/11).

Qard means fully repayment with guarantee. Qard refers to a contract of lending money by a lender (Customer) to a borrower (Bank) where the latter is bound to repay an equivalent replacement amount of the lender.

Qardh al-hasan (Arabic: قرض الحسن, transl. benevolent lending) is the one which is without a collateral. However some Ulama deem it a form of interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence (ihsan).

In Islam, taking a loan is generally considered permissible as long as it is done in ance with Islamic principles. These principles include avoiding interest-based transactions, which are considered exploitative and contrary to the teachings of Islam.

Concept. The concept of Qardh al-hasan is to assist the poor or needy by offering a loan without any interest. The Quran states that such a loan is beautiful and admirable because the borrower of such a loan is God; not the person receiving the money.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232