The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a master’s degree in his chosen subject

Fatawa Question

The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a Master’s degree in his chosen subject. The student has been selected by the university based on good grades and the fee must be paid within the deadline to secure the seat. Since the fee amount is too large a burden for the father to pay in bullet to the university, he has sought financial assistance from the bank in the shape of a Shariah compliant facility. Shariah guidance is sought in order to help the father meet his financial commitment to the university.

Fatwa

Click hereto view more

Publisher

Islamic Finance News

Publication Date

2013-09-11

Country of Publication

Malaysia

Main Subjects

Economics & Business Administration
Islamic Studies

Data Type

Fatawa

Language

English

Record ID

BIM-783628

American Psychological Association (APA)

Hassan, Husayn Hamid. 2013-09-11. The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a master’s degree in his chosen subject. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783628

Modern Language Association (MLA)

Hassan, Husayn Hamid. The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a master’s degree in his chosen subject. Kuala Lumpur Malaysia : Islamic Finance News. 2013-09-11.
https://search.emarefa.net/detail/BIM-783628

American Medical Association (AMA)

Hassan, Husayn Hamid. 2013-09-11. The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a master’s degree in his chosen subject. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783628