✿ Written by: Saudi Fatwa Committee (Fatāwā)
A loan (qarḍ) refers to any amount of money that is given to another person with the obligation to return it at a specified time.
❖ Definition of Loan (Qarḍ)
A loan (qarḍ) refers to any amount of money that is given to another person with the obligation to return it at a specified time.
- The borrower remains liable to repay the loan,
- Even if the amount is lost or destroyed, the debt remains due and must be repaid.
