Interest on insurance accounts and student loans : university funding

Fatawa Question

Salam Alaykum Sheikh and uncle, I asked a sheikh from my local Masjid about university loans, he said to take a student loan with interest will remove the blessings from my studies. Uncle please help me as I'm only 17 and don't understand the intricacies of Islamic finance, can you think of any way for me to fund my studies ? My parents don't have much money either and it will cost at least £ 13000 for four years and possibly £ 32000 if the government stops subsidizing the tuition fees. Uncle I really need to know of some way to fund the degree in a way that Allah will keep the blessing in my studies. JazakhAllah Khair, Shamir

Fatwa

Click hereto view more

Publication Date

2010-09-04

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730606

American Psychological Association (APA)

Qahf, Mundhir. 2010-09-04. Interest on insurance accounts and student loans : university funding. .
https://search.emarefa.net/detail/BIM-730606

Modern Language Association (MLA)

Qahf, Mundhir. Interest on insurance accounts and student loans : university funding. 2010-09-04.
https://search.emarefa.net/detail/BIM-730606

American Medical Association (AMA)

Qahf, Mundhir. 2010-09-04. Interest on insurance accounts and student loans : university funding.
https://search.emarefa.net/detail/BIM-730606