Qardhul Hasan

Qardhul Hasan definition - finance
The term for an interest-free loan in the Islamic religion, which forbids loaning or borrowing money to earn interest. Thus, the borrower repays only the amount borrowed.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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