Al-Qard Al-Hasan

Al-Qard Al-Hasan is a charitable, interest-free loan in Islamic finance, given by lenders to borrowers without any profit or interest charged. It is intended to help individuals in financial need, emphasizing compassion and community support. Borrowers are expected to repay the exact amount received, without any extra fees, at a mutually agreed time. This practice promotes social welfare and economic stability, fostering trust and solidarity within the community. It differs from conventional loans by focusing on aid and ethical responsibility rather than profit, embodying Islamic principles of generosity and justice.