Quard refers to a contract of lending money (cash, all forms of currency, gold and silver) by a lender to a borrower where the latter is bound to return an equivalent replacement amount to the lender. The inherent nature of a Quard contract is the obligation of the borrower to return the money borrowed in full. No excess either quality or quantity, or whether it is a tangible item or a benefit is allowed under Quard. The Quard contract must be entered into through an offer (Ijab) and acceptance (qabul) between the contracting parties. MBL-Taqwa Islamic Banking offers Quard facility to the customers against lien of their Taqwa-MTDR for the purposes of meeting the customers’ urgent financial need.