Interest on insurance accounts and student loans : student loan linked to inflation

Fatawa Question

Dear Mr. Kahf, I have a short question regarding the student loan linked to inflation which you have already commented upon on more than one occasion. You mentioned that a small number of scholars deem it permissible ; I would be grateful if you could mention any of them and what general methodology they follow. What I mean is that I only take my Fatwas from scholars who adhere broadly to the four Sunni madhabs as opposed to any other historical madhab or Ijtihad opinion. So : 1. Is indexation something deemed permissible by any scholars historically ? 2. The minority who deem it permissible today-to they rely on traditional Usul from the four schools or is it a new Ijtihad ? salaam Mansoor

Fatwa

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Publication Date

2009-12-22

Main Subjects

Financial and Accounting Sciences
Educational Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Education
• Students
• Inflation(Finance)
• Loans

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730596

• APA
• MLA
• AMA