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Islamic Loan (Al-Qardh)

  • Mohd Ma’Sum Billah
Chapter

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”.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Islamic Economics InstituteKing Abdulaziz UniversityJeddahSaudi Arabia

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