A student loan from an Islamic bank

Fatawa Question

I got an education finance loan from one of the Islamic bank. But for 15000 dhs. I have to pay 2000 extra if it is for one year and about 600 if paid within 6 months. Pls. Tell me is this halal (Murabaha) as they call it in the bank.

Fatwa

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Publication Date

2001-03-26

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

Data Type

Fatawa

Language

English

Record ID

BIM-724717

American Psychological Association (APA)

Qahf, Mundhir. 2001-03-26. A student loan from an Islamic bank. .
https://search.emarefa.net/detail/BIM-724717

Modern Language Association (MLA)

Qahf, Mundhir. A student loan from an Islamic bank. 2001-03-26.
https://search.emarefa.net/detail/BIM-724717

American Medical Association (AMA)

Qahf, Mundhir. 2001-03-26. A student loan from an Islamic bank.
https://search.emarefa.net/detail/BIM-724717