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In order to compete with them, Islamic banks sometimes provide an incentive of a Hibah (literally "gift") on the balance of the customers' savings accounts. [57] In Iran, qard al-hasanah deposit accounts are permitted to provide a number of incentives in lieu of interest, including: "grant of prizes in cash of kind,
However, some Islamic banks offer products called qardh-ul hasan which charge lenders a management fee, [341] and others have savings account products called qardh-ul hasan, (the "loan" being a deposit to a bank account) where the debtor (the bank) may pay an extra amount beyond the principal amount of the loan (known as a hibah, literally gift ...
The word qardh appears in the Qur'an in six verses: Q2:245, Q5:12, Q57:11, Q57:18, Q64:17, Q73:20. In every verse it is used as part of the phrase qardh al-hasan, and always in reference to a loan to Allah rather than other human beings.
Bahasa Indonesia: Undang-Undang Republik Indonesia Nomor 19 Tahun 2016 tentang Perubahan atas Undang-Undang Nomor 11 Tahun 2008 tentang Informasi dan Transaksi Elektronik English: Law of the Republic of Indonesia Number 19 of 2016
Al-Qard Al-Hassan (AQAH) or Al-Qard Al-Hasan Association (Arabic: جمعية مؤسسة القرض الحسن, lit. 'the benevolent loan') is a Hezbollah -affiliated non-profit financial institution , that provides interest-free loans and other financial services to the Lebanese Shia community, [ 1 ] providing support amidst widespread poverty ...
The bank's client has a strong incentive to report less profit to the bank than it has actually earned, as it will lose a fraction of that to the bank. As the client knows more about its business, its accounting, its flow of income, etc., than the bank, the business has an informational advantage over the bank determining levels of profit.
The Indonesian Criminal Code (Dutch: Wetboek van Strafrecht, WvS), commonly known in Indonesian as Kitab Undang-Undang Hukum Pidana (lit. ' Law Book of Penal Code ' , derived from Dutch), abbreviated as KUH Pidana or KUHP ), are laws and regulations that form the basis of criminal law in Indonesia.
The laws that implement it are called Qanun Jinayat or Hukum Jinayat, roughly meaning "Islamic criminal code". [ 1 ] [ a ] Although the largely-secular laws of Indonesia apply in Aceh, the provincial government passed additional regulations, some derived from Islamic criminal law, after Indonesia authorized the province to enact regional ...