Qard means a contract of lending money whereby the borrower is obliged to repay the equivalent amount to lender.
Qard means interest-free loan method.
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. The acceptance and continuance of an account will be entirely at the discretion of the Bank subject to the lender complies with Terms & Conditions under concept of Qard. The Bank in this situation is guaranteeing the fully repayment of the money and will return the same to the lender accordingly, subject to the Bank’s procedures.
Examples of Qard in a sentence
This is usually lending based on philanthropy which is known in Islam as Qard al-Hasan, but it is very limited.
Pendangan Hukum Islam Terhadap Akad Dan Praktik Qard (Hutang Piutang).
Firstly, to make the product more Shari’ah compliant, the Islamic bank should provide two separate Bai’ As-Sarf and Qard contracts separately and let customer know about terms of the each Shari’ah contract.
The Islamic current account offered to customers is based on the concept of Qard, a profit free amount received from the customer to the Bank, on which no profit or other form of return is payable.
Berada dengan lafaz Aslaf yang digunakan dalam bab salam dan bab Qard, lafaz salam ini khusus untuk bab salam saja.
More Definitions of Qard
Qard means an interest-free loan provided by Us in the event of deficit in the Tabarru’ Fund. TheQard is repayable from the future Underwriting Surplus of the Tabarru’ Fund.
Qard means an interest free loan of any fungible commodity including money;
Qard a Shariah principle which refers to a contract of lending money by a lender to a borrower where the latter is bound to pay an equivalent replacement amount to the lender.
Qard means a benevolent loan or other forms of financial support to the takaful fund from the shareholders’ fund made pursuant to section 95 of the Islamic Financial Services Act 2013;’;
Qard means, concerning current accounts, the transfer of ownership of money from one party to the other, who is committed to returning the same, on-demand or at an agreed date, without any increment.
Qard means a loan provided by Us in the event of a deficit in Tabarru’ Fund.
Qard means a benevolent loan made from the shareholders’ fund to the family fund to fulfill a short term financial need of the family fund which shall be repaid by the family fund;