YOGYAKARTA - What is qardh? In the world of sharia economics, qardh is a concept that plays an important role in providing financial solutions without involving elements of usury.
In this article, it will be comprehensively explained about the definition of qardh, the existing types, its main functions, and also examples of its application.
Quoted from the official website of the Financial Services Authority (OJK), qardh is a term in the Sharia economy that refers to loans without any additional terms of profit to lenders. The basic principle of qardh is to help others without burdening additional costs. The practice of qardh is based on justice and mutual help in society.
Through a letter from Al-Baqarah verse 245, Allah Swt. has given us a call and recommendation to practice qardh if we want to get pleasure and a lot of reward by His side. In this letter, Allah bless you:
Who wants to give a good loan to Allah? He will double (the payment for the loan) for him many times. Allah narrows and widens (the sustenance). To Him you are returned. (QS: Al-Baqarah verse 245)
The recommendation to carry out the qiradh practice has also been narrated by Ibnu Majah that the Prophet had said:
Not a Muslim (they) who lend Muslims (others) twice except the other one is (valued) alms. (HR. Ibnu Majah)
Qardh has 2 main functions that are very useful for the community, including:
One of the main functions of qardh is to provide financial solutions to people who need it without burdening them with additional expenses. With this principle, qardh becomes an instrument that supports financial inclusion and equality in access to funds.
SEE ALSO:
-
| BERITA
Kuli Bangunan Pelaku Pembunuhan Bos Ruko di Rawamangun Ditangkap di Jaksel
26 Februari 2025, 20:32
Qardh also functions to prevent the practice of usury which is forbidden in Islam. By providing loans without additional profits, qardh maintains integrity and justice in financial transactions.
There are several types of qardh that we must know its characteristics, ranging from qardhul hasan, qardhul ahsan, and qardhul qoyyimah. Below is a complete explanation of some types of qardh:
Qardhul hasan is a type of qardh given without interest or additional profit. The lender provides this loan with good intentions and without expecting additional rewards from the borrower.
Qardhul qoyyimah is a type of qardh that is carried out taking into account the financial condition of the borrower. The lender adjusts the loan provisions according to the needs and capacity of the borrower.
The practice of qardh covers several scopes, including from business capital, education, and emergency needs. The full explanation is as follows:
Qardh can be used to support business development without burdening entrepreneurs with interest expense. This allows business actors to thrive without being entangled in conventional financial systems.
Qardh can also be used to meet emergency needs, such as treatment or urgent repairs. This will provide a fast and fair financial solution without providing additional burdens to borrowers.
Providing qardh loans for education allows individuals to pursue education without being burdened by additional burdens. This opens wider access to education without being trapped in the flower system.
That's a review of what qardh is, its functions, types, and examples. Hopefully useful. Visit VOI.id to get other interesting information.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
