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20. Loan (Qarḍ)

Giving a loan to believers, especially the needy among them, is one of the recommended (mustaḥabb) acts that has been highly advised in traditions. For example, it has been reported that the most noble Messenger (Ṣ) said: ‘Whoever gives a loan to his brother in faith and gives him respite until he is financially able to repay it, his wealth will increase and angels will send mercy upon him until the time he takes his money back.’ And it is reported that Imam al‑Ṣādiq (ʿA) said: ‘Every believer who gives another believer a loan with the intention of attaining proximity to Allah, Allah will record for him the reward of giving alms to the poor (ṣadaqah) until he takes his property back.’

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  • Ruling 2291

    It is not necessary to say a particular formula (ṣīghah) when giving a loan; rather, if one gives something to someone with the intention (niyyah) of giving a loan and the latter takes it with the same intention, …

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  • Ruling 2292

    Whenever a borrower repays his loan, the lender must accept it unless a period for repaying it at the request of the lender or both parties was agreed upon. In that case, the lender can refuse to receive …

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  • Ruling 2293

    If a period for repaying the loan is agreed upon in the loan agreement, in the event that specifying the period was done at the request of the borrower or both parties, the lender cannot claim what he …

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  • Ruling 2294

    If a lender claims what he is owed and there is no time [period specified in the loan agreement] or the time for repayment is due, in the event that the borrower can repay his loan, he must …

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  • Ruling 2295

    If a borrower owns nothing besides a house that he resides in and some household furniture and some other things which, taking into consideration his status and social position, he needs and without which he would fall into …

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  • Ruling 2296

    If a borrower cannot repay his loan but it is easy for him to trade, or if his job is trading, then it is obligatory (wājib) on him to earn and repay his loan. In fact, if none …

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  • Ruling 2297

    If a person has no access to his lender and has no hope of finding him or his heirs in the future, he must give what he owes to a poor person (faqīr) on behalf of the lender. …

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  • Ruling 2298

    If the estate of a deceased person is not greater than the costs of his obligatory shroud (kafan), burial (dafn), and debts, his estate must be spent on these items and his heirs do not inherit anything.

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  • Ruling 2299

    If a person borrows an amount of money, wheat, barley, or something else that is fungible and its value depreciates or appreciates, he must return the same amount of those items with the same qualities and particulars that …

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  • Ruling 2300

    If the property that someone has borrowed is not destroyed and the owner claims it, it is not obligatory on the borrower to return the same property to him. Likewise, if the borrower wishes to return it, the …

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