Islamic banking

(redirected from Qard al-Hassan)
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Islamic banking

A form of ethical investments bound by the precepts of Islam, particularly the prohibition of interest payments.

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Islamic

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They include financial instruments and products such as mudarabah (trust financing), musharakah (equity financing), ijarah (lease financing), murabahah (trade financing), qard al-hassan (benevolence/welfare loans), and istisna (progressive payments).

'Islamic banking to spur revival of property market'

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