I took a student loan last year and applied this year too. Now that the classes have started and the loan has been approved I found out that it is with interest. My heart is very restless, what should I do?
I took a student loan last year and applied this year too. Now that the classes have started and the loan has been approved I found out that it is with interest. My heart is very restless, what should I do?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago
It is allowed to take what is known as Student Loan from Non Muslim authoraties even if you know that they will charge interest. You can pay it as you pay taxes to the authorities. It is not obligatory to take such loan but it is allowed.
Wassalam.