The Loan and its Provisions in Islam

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Saman Mustafa


Understanding loans is crucial for Muslims to manage their daily lives effectively. This study aims to examine and comprehend the subject through the lens of the Noble Qur’an, noble hadiths, and the sayings of honorable companions. The loan categories, components, and terms were also addressed. This research demonstrates the permissibility of loans in Islamic law, as supported by evidence from the book and Sunnah of the Prophet. The loan process involves various components, such as the formula, two contracts, and the borrowed funds. Additionally, research has demonstrated this. Loans are subject to various conditions and controls that determine their validity and legitimacy. These conditions may include requirements such as a mortgage, a guarantor, or a written agreement. However, it is considered usury to stipulate an increase in the consideration or to require a gift to be presented to the borrower, as these conditions are deemed corrupt. It is impermissible to stipulate the exchange of a defective item for a valid one or to stipulate the sale of one's house, among other things.

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How to Cite
Mustafa , S. (2024). The Loan and its Provisions in Islam. Islamic Sciences Journal, 14(4), 189–208.