Qardh Hasanمَّن ذَا الَّذِي يُقْرِضُ اللَّهَ قَرْضًا حَسَنًا فَيُضَاعِفَهُ لَهُ وَلَهُ أَجْرٌ كَرِيمٌ
Who is it that would loan Allah a beautiful loan so He will multiply it for them and they will have a noble reward?
Surah Al-Hadid 57:11, Holy Quran
Colchester Islamic Community Centre is now seeking Qardh Hasan!
To assist in the purchase of a property for CICC, we have set up the process whereby you can offer an interest free loan and have the funds returned to you within a specified time period. This is known as Qardh Hasan which is defined below:
“Qardh Hasan: A virtuous loan. An interest-free loan given for either welfare purposes or for fulfilling short-term funding requirements. This type of loan does not violate the prohibition on Riba, since it is the only type of loan that does not compensate the creditor for the time value of money. Such loans have not been uncommon in human history among peers, friends, family and relatives.”
Please complete the form below where you can register your interest and we will email you further details. Jazakumullah Khair