Mufti Online — Madrasah Ta'leemuddeen

Interest bearing student loan

· 7 Jumada II 1441 AH1 min readEnglish

Question

I have been told that student finance is permissible even with the inclusion of interest. The Moulana has said that it has similar rulings to car insurance. Please advise.

Answer

If the interest is included then how can it be permissible?

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/31087
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-31087

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