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Question ID: 31756Country: India

Title: I want to go to US for higher studies but I cannot meet the expenses by my personal funds so need to take an education loan.

Question: I want to go to US for higher studies but I cannot meet the expenses by my personal funds so need to take an education loan. Can I take a loan from bank ? If not how can I manage my expenses ?

Answer ID: 31756Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 857/857/M=1432) In case of taking loan from bank, one has to give interest and hadith curses on interest based dealing; hence, one should avoid it. You should adopt any lawful source to bear your educational expenses.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: I want to go to US for higher studies but I cannot meet the expenses by my personal funds so need to take an education loan.

Question: I want to go to US for higher studies but I cannot meet the expenses by my personal funds so need to take an education loan. Can I take a loan from bank ? If not how can I manage my expenses ?

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