According to this exegete, the word 'qarḍ' (loan) mentioned in the verse refers to the spending in the way of Allah performed by the servant; Allah has called it 'qarḍ' (loan) because the person gives their wealth hoping for the manifold reward promised by Allah, just as a lender gives their wealth expecting a return. The 'ḥasan' (goodness) of the spending stems from the person doing this in obedience to Allah's command, wholeheartedly and solely for His pleasure. Furthermore, the exegete relates different readings of the word 'yuḍā'ifuh' and notes that he prefers the reading with alif and in the nominative case.

وإنما سماه الله تعالى ذكره قرضا؛ لأن معنى القرض: إعطاء الرجل غيره ماله مملكا له ليقضيه مثله إذا اقتضاه. فلما كان إعطاء من أعطى أهل الحاجة، والفاقة في سبيل الله إنما يعطيهم ما يعطيهم من ذلك ابتغاء ما وعده الله عليه من جزيل الثواب عنده يوم القيامة، سماه قرضا

In this passage, Zemahşerî states that the attribute 'al-Shakūr' mentioned in the verse is used metaphorically rather than in its literal sense regarding Allah; this attribute means that Allah appreciates the servant's obedience, gives full recompense, and bestows favor upon the rewarded person. He also explains that the reading 'ḥusnā' is a masdar like 'bushrā', and that Allah will give the servant's spending in return abundantly and in manifold measure from His own grace.

الشكور في صفة الله : مجاز للاعتداد بالطاعة ، وتوفيه ثوابها ، والتفضل على المثاب

In this text, according to Râzî, the demonstrative pronoun 'dhālika' does not carry the meaning of distance (bu'd) in its original establishment, but is restricted to referring to distant things through context only in conventional usage. In this context, it is argued that the word 'dhālika' in the verse should be understood according to its linguistic establishment rather than its conventional usage, and therefore does not express distance here. Furthermore, the expression 'Man dhā al-ladhī yuqriḍu Allāh' is explained as not being an actual loan, but rather a similitude and a rhetorical device expressing that Allah will accept the servant's obedience.

فهذا يدل على أن لفظة ذلك لا تفيدالبعد في أصل الوضع ، بل اختص في العرف بالإشارة إلى البعيد للقرينة التي ذكرناها ، فصارت كالدابة ، فإنها مختصة في العرف بالفرس

According to Ibn Kesîr, this verse informs that Allah encourages His servants to spend in the way of Allah, and this meaning is repeated in many places in the Qur'an. The story of Abū'd-Dahdāh al-Ansārī, who, upon learning that Allah was asking them for a loan (spending), gave his entire garden and everything in it in the way of Allah, is reported as the reason for the revelation and explanation of this verse. Furthermore, 'kesir' (manifold increase) is explained as being so abundant in Allah's sight that it cannot be counted, and it is noted that Allah narrows provision for some of His servants and expands it for others, and that there is profound wisdom in this.

لما نزلت قال أبو الدحداح الأنصاري يا رسول الله وإن الله عز وجل ليريد منا القرض قال نعم يا أبا الدحداح قال أرني يدك يا رسول الله قال فناوله يده قال فاني قد أقرضت ربي عز وجل حائطي

According to Kurtubî, this verse informs that the reward of one who gives a beautiful loan in the way of Allah will be multiplied manifold, and this increase is unlimited. In this regard, spending made in the path of fighting for Allah's cause is particularly emphasized, and the example of Abū'd-Dahdah rushing to give his wealth as charity when this verse was revealed is cited. Furthermore, differences in readings (the ways of pronouncing the word 'yuḍā'ifuh') and their linguistic justifications are also discussed.

ولما نزلت هذه الآية بادر أبو الدحداح إلى التصدق بماله ابتغاء ثواب ربه

According to Beydâvî, the command to fight in the way of Allah comes after it is stated that fleeing from death is not salvation and that what is decreed is inevitably realized; for if the term of life comes in the way of Allah, there is martyrdom, and if it does not come, there is victory and reward. Furthermore, the expression 'give a beautiful loan to Allah' is a metaphor representing good deeds and spending done in the way of Allah; the reward for these deeds will be given with manifold increase. The expression 'Allah restricts and expands' explains that Allah giving tightness to some and abundance to others depends on His wisdom, and therefore one should not be stingy with the abundance given.

أمرهم بالقتال إذ لو جاء أجلهم في سبيل الله وإلا فالنصر والثواب