Fariq Naik – Can a Students Loan Interest be taken in the West as the Fees are Exorbitant

Assalamualaikum Warahmatullahi Wabarakatuh My name is Sarah and I

work as a senior sales consultant in London. In the West in order to

study a degree course, you can take student loans as the yearly

fees are extremely high for one to pay. Hence, it is easier to take a

student loan

student loan in the West does consist of interest. However, the

condition of paying back the student loan is to earn more than

25,000 pounds a year. Otherwise you don't have to pay it back. And

after 30 years or if a person dies, this loan will be written

off. Is it still okay? Otherwise Muslims would not be able to study

or attend a university as you have to take loan in order to be

educated. What should one do? Allah subhanaw taala says in the

Glorious Quran Surah Baqarah Chapter number two was number 278

and 279. Yeah, you have a lady in toquilla Whether rumor came in

rebar in money, or you believe fear Allah and give up your

demands of Riba. If you are believers, for them to follow, if

you do not do so, then we will be harboring Minella who are solely

so be prepared that Allah and His Messenger will wage a war against

you. So Riba, it is completely prohibited in Islam dealing in

riba It is haram in Islam.

And according to Imam at the hobby, he writes in his book

alphabet, the 70 major sins he says that riba it is the 12th

major sin in Islam.

So dealing in riba it is completely prohibited It is haram.

Now, as you have asked in your question, regarding a student

loan, and you only have to repay this loan, if you earn more than

25,000 pounds a year

even in this situation,

you cannot agree with this contract. Even if you know that

you will not earn more than 25,000 pounds a year yet, you cannot

agree with this contract. Because you are agreeing that in this

situation you will

pay rebar, you will deal in rebar. So this is completely prohibited

in Islam.

I'm aware that there are certain Western so called scholars who say

that it is permitted to take a student loan to take a home loan

to take a house loan even if it involves in Aruba.

But the words of the Glorious Quran it is clear

in the prohibition of dealing with rebar

and dealing in rebar, it is a major sin.

So, we should abstain from dealing and rebar

and if you want to study so, there are other solutions.

The first is that you can apply for scholarship. The second is

that you can take a loan from an Islamic Sharia compliant bank. The

third is that you approach an Islamic organization who will

finance your education or who will give you a loan for education.

But in no way should you take Riba

and many times you know that if you deal in Riba in this world,

you will get a lot of benefit, it will be lucrative for example, if

you take this loan, the student loan,

it may be for example for medicine, and then later on, you

will become a doctor and you will earn a lot of money, you will have

so much respect but what is the point of this money when it is

haram? What is the point of this money when in the Accra you will

be among the losers

and it is a test from Allah subhanaw taala Allah subhanaw

taala tests different people in different ways.

So Allah subhanaw taala test people, for example, he may show

them that they have a good offer

to deal with riba but it is a test for this person in this situation

Willie yet deal in riba or no.

So this is very important that we need to abstain from all the

things that are haram

and inshallah you have other solutions like scholarship, you

can take a loan from an Islamic bank, a Sharia compliant bank, or

you can approach an Islamic organization

who will give you a loan. So these are the options but in no way

should deal and involve Intrabar back

was rebar it is clearly prohibited in Islam and it is from among the

major sins so no one should take it lightly so you should totally

abstain from dealing in rebar