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Home > QFINANCE Dictionary > Definition of qard hassan

Definition of

qard hassan


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.

Related definitions of "qard hassan"

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

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