The Jurisprudential Thematic of the Domestic Qardh al-hasane Banks and Related Jurisprudential Issues

The domestic Qardh al-hasane banks are a new way of lending and borrowing that has been welcomed by many Iranian families. In this method of borrowing, some people agree to pay a monthly amount to a person who is the fund manager; he also pays the entire amount to one of the members as a loan by drawing lots; this operation is repeated every month so that all members can receive loans. Using a descriptive-analytical method the research findings show that this method of lending is jurisprudentially right and it is not considered usury. Of course, the condition for allocating the first loan to the fund manager is a kind of remuneration for his or her management services. This condition converts his first loan into usury. The issue of obliging members to maintain cooperation with this bank has been discussed in this research and the quality of khums's (one fifth) payment has been stated in detail.