Islamic Loan (Al-Qardh)

Mohd Ma’Sum Billah
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Mohd Ma’Sum Billah: King Abdulaziz University

Chapter Chapter 24 in Islamic Financial Products, 2019, pp 327-333 from Springer

Abstract: Abstract The fiqh idea of al-Qardh (loan) are: Hanafi School Ibn Abidin- “what one party gives to the other to be returned in its own kind.” Maliki School-“Payment of valuables for repayment not different in kind.” Hanbalis School-“Payment of money to someone who will benefit it by it and return its equivalent.” Shafi’is School- “transferring the ownership of something to someone, provided he should repay its like”.

Date: 2019
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DOI: 10.1007/978-3-030-17624-2_24

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