AAOIFI Shariah Standards
Loan (Qard): Adoption of the Standard
The Shariah Standard on Qard was adopted by the Shariah Board in its meeting No. (12) held in Al-Madinah Al-Munawwarah during the period of 26-30 Rabi’ I, 1425 A.H., corresponding to 15-19 May 2004 A.D.
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