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Tag: student loans


02
Apr 2024
Is it permissible to take out a student loan?

Dealing with interest is haram Dealing with interest (riba) is haram. Some might not consider this haram, but it is completely prohibited, because Allah Almighty stated in the Quran, in Surat al Baqarah: Allah has made trading lawful and forbidden usury (2:275) The prohibition of taking interest is very clear not only from the Quran but also from the Prophet’s Farewell Sermon (peace be on him) so there is no doubt about the prohibition of interest. To access and deal with interest is haram. Is the Student Loan permissible? The BBSI published......

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