The Islamic concept of an interest-free loan given for the sake of Allah is called:
Q1. The Islamic concept of an interest-free loan given for the sake of Allah is called:
Answer: Qard al-Hasan
Explanation: Qard al-Hasan (benevolent loan) is an interest-free loan given purely for Allah's sake; the lender expects no return except the principal amount, and it is considered one of the most meritorious financial acts in Islam.