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How to Finance Your Education without a Student Loan

How to Finance Your Education without a Student Loan

If you are a high school student looking forward to pursuing higher education, then this video is for you! For Muslim students, higher education could be a challenge as they might feel unable to take on interest-bearing loans for religious reasons. In the Islamic faith there is a strong prohibition against dealing with any sort of interest …

Are Student and Credit Loans Subject to Zakah?

Are Student and Credit Loans Subject to Zakah?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: As long you do not have any assets, you are not subject to Zakah. Responding to your question, Prof. Dr. MonzerKahf, …

Are Student Loans Halal Or Haram?

Many of our followers are students and many live in a country where they need student loans to help them in their studies. Are the student loans halal or haram? Mufti Abdur Rahman ibn Yusuf discusses.

Are Interest-Bearing Student Loans Permissible?

Short Answer: Yes, they are. Why? Because while taking interest is totally haram in Islam, giving interest when you are pressed to is a different thing. If we say to Muslims, “Don’t take a loan on interest,”… the result being, you cannot pursue higher education, then the result will be that Muslims will become oppressed people because others will pursue …



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