Transactions & Dealings >> Interest & Insurance

Question ID: 151239Country: India

Title: Education loan

Question: With due respect I want to ask you that I want to study abroad for my higher study just now my father is not in a condition to pay for me so should I can take loan from bank or not?

Answer ID: 151239Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1046/985/M=8/1438)

In case of taking loan from bank one has to pay interest, whereas the hadith curses those who take interest or give it. Hence one should avoid taking interest based loan for higher education.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Education loan

Question: With due respect I want to ask you that I want to study abroad for my higher study just now my father is not in a condition to pay for me so should I can take loan from bank or not?

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