AAOIFI Shariah Standards
Loan (Qard): Appendix A - Brief History of the Preparation of the Standard
In its meeting No. (8) held in Al-Madinah Al-Munawwarah during the period of 28 Safar to 3 Rabi’ I, 1423 A.H., corresponding to 6-11 May 2002 A.D., the Shariah Board decided to issue the Shariah Standard on Qard (loan).
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On 24 Rajab 1423 A.H., corresponding to 1 October 2002 A.D., the Shariah Standards Committee decided to commission a Shariah consultant to prepare an exposure draft on the Shariah Standard on Loan (Qard).
« Adoption of the Standard Appendix B - The Shariah Basis for the Standard »
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