Islamic banking
(redirected from Qard al-Hassan)Also found in: Financial.
Islamic banking
A form of ethical investments bound by the precepts of Islam, particularly the prohibition of interest payments.
Also found in: Financial.
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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).
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