Ruling 2293 — Loan (Qarḍ)

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 is owed before the period expires. However, if specifying the period was done at the request of the lender or no period was specified at all, the lender can claim what he is owed whenever he wishes.