Qard: the interest-free loan

Islamic Fiqh > Financial transactions > The loan (qard) and hawala > Qard: the interest-free loan

Updated on 26 September 2026 at 7:12 PM

This chapter of the fiqh encyclopedia deals with the qard, the interest-free loan in which the borrower undertakes to return the equivalent of what he received. The 13 sheets gathered here cover the pillars of the contract (the lender, the formula, the thing borrowed), the loan of benefits and of slaves, what must be returned, the fate of money that loses or gains value, when the borrower becomes owner, the lender's right of withdrawal, increases at repayment, the saftaja (credit letter securing the road) and the sale combined with a salaf (a loan with deferred repayment). The positions of the four schools are given with their classical references in parentheses.

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