Students loans : financing study in France

السؤال

Assalamu Alaykum, I live in France and have a question related to financing my graduate studies. I plan to do an MBA next year and have been accepted to a very good French business school. I have tried to search for Islamic banks that can offer me interest free loans but was not able to find any in France ! So I tried to contact a French bank and received a very interesting offer for loan for my studies (very low interest rate in comparison with what is offered here in France). On the other hand, my wife and I received a wedding gift (an amount of money). The same bank also offers a type of investment that offers a guaranteed return which equal to the same amount as the interest it will charge me for my study loan. My question is : if I put the money in this investment and at the same time take the loan, this way I will keep a final balance of zero, as the bank will give me the same amount of interest as it will charge me (the amount of the loan is equal to the amount of our investment). Also both transactions are with the same bank, so the bank will be paying itself the interest and this way I will not be paying back anything but the original amount I need. In the final sum, I will gain nothing and lose nothing. Is such an arrangement Halal, in light that no alternative I know of are available ? Please comment on my request and if it is not permissible, could you please suggest an alternative-Jazzak allah kola khayer. Alsalam alaykom Wa Rahmat Allah.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-05-24

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• التعليم
• الطلاب
• التمويل
• القروض
• الربا

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725765

• APA
• MLA
• AMA