Students loans : giving interest and student loans

Fatawa Question

Assalamu Alaikum Brothers and sisters, I have these following questions. Please take as much time as you need. You don't have to be quick. Jazak Allah 1. I heard that taking interest is Haram, but is it also Haram to give interest. Please use Hadiths, and Quranic verses and give references from them. 2. Brother / Sister, I am 20 years old. I am continuing my education in a college, which is in Ontario, Canada. In Ontario, there is a financial help system called OSAP for students to continue their studies further in college / university. Now, after taking this loan, you have to pay it back when you aren’t studying or when you are working, but with interest. Now, I am taking OSAP. So, when I will pay back their money, I also have to pay interest. I can’t take any part time / full time job beside my studies, then it will be impossible for me to study, because it will be very big load for me, also if I take job, I will have responsibility for something. Also, I am not quite healthy either. My parents can’t also help me financially for my studies too. So, do you think it is ok for me to take OSAP ? Please use Hadiths, and Quranic verses and give references from them. 3. This question is related to the previous one. If I take OSAP, can I spend money from OSAP on the path of Allah ? Like giving donations to poor people, charity, mosque, and community this and that ? Also, is it allowed to give presents to others with this money ? Can I spend for myself like buying my necessities ? Can I buy for my-self anything Islamic like the book of Quran, Bukhary, Islamic cap, cassettes etc. ? Please use hadiths, and Quranic verses and give references from them. 4. Is it allowed to take pictures of one-self and others ? Pictures of what creations of Allah are allowed to take, and what are not allowed to take ? Please use hadiths, and Quranic verses and give references from them. 5. If someone wants to be Muslim what they have to recite ? Would there have to be a witness ? Does the person have to be neat and clean instead of dirty like not taking water after urinating ? Please use hadiths, and Quranic verses and give references from them. 6. Can you explain how we will know that from which day we have to fast ? Please use hadiths, and Quranic verses and give references from them.

Fatwa

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Publication Date

2002-11-24

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Education
• Students
• Loans
• Usury

No. of Pages

3

Data Type

Fatawa

Language

English

Record ID

BIM-725769

• APA
• MLA
• AMA