Student loans

14 Oct 2015 · 1 Muharram 1437 AH1 min readEnglish

Question

Six years ago I applied and received a student loan from Iqraa Trust. At this point in time I was not aware that majority of their funds received is Interest money from financial institutions. My questions are:

1. Have I committed a sin by accepting the student loan without knowing it is interest?

2. Can I repay the loan that they gave me using Interest money?

3. Will students who know that it is Interest money but accepts it as a student loan to be repaid back be sinful?

Make maaf for asking such a question, but after doing some research I found out that their is no Aalim on their board or who is associated with them that could guide me on this issue.

Answer

1. Make istighfaar and avoid using this for the future.

2. Give that equivalent in charity to the poor and deserving.

3. As above.

And Allah Ta'ala (الله تعالى) knows best.

Q: I have currently not repaid the loan received from Iqraa and require guidance as to whether I can repay the loan received with interest money considering that they have given me interest money.

A: If it is not compulsory for you to repay the loan we suggest that you give the equivalent in charity.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Answered by: Mufti Ebrahim Salejee (Isipingo Beach)

View original Compare with other Darul Iftas

Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/12131
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-12131

Question

Answer

People also ask

Related fatawa