Application of Qard and Qard al-Hasan
Bismillah and assalamualaikum. This is only my executive summary on the topic I was assigned to present to the whole class. Alhamdulillah the presentation went well even though it was like the whole day standing in front the class, answering some questions and having further discussion regarding the topic. Haha. Anyway, it's only a summary so don't expect much. Enjoy! hope it may benefit even a little. *wink* ... nak duit tak? hee This individual assignment analyzes the application of Qard and Qard al-Hasan contracts in Islamic banking and finance products and services in Malaysia. It covers the legitimacy of qard from Quran, introduction of qard al-hassan and qard, components of the contract, product chosen and its modus operandi, opportunities and challenges on the contract, related issues and also course of action proposed regarding the contract. Qard al-hasan is a zero-return financing that Al-Quran urges Muslims to make available for those who need it....