Filter by Categories
Accounting
Banking

Islamic Finance




Asl al-Qard


The face value of a qard (loan), i.e., its principal (or principal amount). For example, a $1,000 loan must be paid off at its face value or the amount originally extended by the lender (i.e., $1,000) at the due date of repayment (tareekh al-istihqaq). Shari’a prohibits that loans are repaid for more than their face value, as the excess is riba.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*