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Definition of

qard

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.

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

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