Qard Hassan

Which of the following is NOT a foundation for al-qard al-hasan?

• The command of Allah SWT

• The Hadith of the Prophet Muhammad (peace be upon him)

• The consensus of the jurists

• The principles of conventional banking

What principle does Qard al-Hassan promote in terms of financial systems?

• Dependence on conventional financial systems

• High-risk investment strategies

• Real sharia principles and values

• Reducing community cooperation

Which of the following is NOT a goal of the Qard al-Hassan initiative?

• To promote and strengthen the sharia economic system

• To provide high-interest loans for profit

• To provide financing alternatives in line with Islamic values

• To foster solidarity and social concern in the community

What type of loan did Aisha apply to Yusof?

• A conventional bank loan

• A Qard Hassan loan

• A mortgage loan

• A car loan

Why is it important to document every debt made?

• To charge interest

• To increase the loan amount

• To ensure that the contracting parties are aware of their commitments and obligations to repay the debt

• To provide collateral

Why was Aisha’s loan application rejected multiple times by traditional banks?

• She had a poor credit score

• She didn’t complete the application forms correctly

• She had too many loans already

• She lacked formal education and wealth

What was Yusof's aim during his tenure at the bank?

• To create a product offering interest-free loans or closer to Qardh al-Hasan

• To establish high-interest loan products

• To promote credit card usage

• To invest in real estate

How did Aisha benefit from Yusof's Qard Hassan program?

• She received a grant to build a new house

• She obtained the necessary funds to grow her small cooking business

• She was given a job at the bank

• She was able to move to another city