Student Loans: Halal or Haram, Any Alternatives?

Shaykh Abdur Rahman covers in this short talk the importance of seeking an education and the issue regarding student loans if they are permissible or not? Also covers the alternatives to a student loans,

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  • السلام عليكم و رحمة الله و بركاته
    جزاك الله خيرا for sharing this clip. It was nice to have a reminder and to think to myself الحمد لله I did the right thing not taking the loan.
    But there is one thing I would like to emphasise a little on; while yes we should definitely make dua that the government does take into account some students are not being given an equal chance into higher education given their policy on student loan, we need to make dua that الله gives us a way to be able to go and study without taking the loan.
    Having said this, I would like to share my own experience. As the Mufti said, الله will rage war on those who deal with riba. This was one thing as an A level student I had fear of. For this reason I decided until I had the means I would not be able to go to university. My father would tell me make dua, ask الله to help you and everyday I would ask Him to give me a way, to not make me of those whom He rages war against. University was something I saw as a means of qualifying myself in dunya to use it as a way of spreading Islam for my akhirah. I didn’t qualify for any scholarships, bursaries, nothing as my household income was just above the threshold but not enough for my father to lend me the money.
    A few weeks had gone by and I was regularly attending a tajweed class in my local masjid run by Sheikh Ahmed Saad. We had taken a break to pray Maghrib. As usual, after Maghrib I made my dua; it had become part of my routine of daily supplications I make.
    As I was about to pray my sunnah someone came up to me and said, “I have been trying to call you this past week and we keep missing each others calls. It just so happens you came up in a conversation I was having with someone and they told me how you will not be going university because of the student loan and I will lend you the money, pay me back when you can ان شاء الله.”
    I was in shock. سبحان الله! I made the dua with the conviction الله would help me but never thought it would happen in such a way. Someone that I did not know as such. My rizq was provided in the house of الله. I have a teacher that would always say “the rizq knows your address, you never know its”. This incident really put this into perspective and was a big lesson for me regarding how powerful dua is. Sometimes we underestimate the greatness of الله until something happens as a wake up call.
    I tell you this story because I have a lot of Muslim friends who unfortunately took the loan and I want people to see especially students that الحمد لله Islam has given us a powerful tool, dua, and we must use it to our advantage! It reminds me of verse 186 in Baqarah.
    Do not forget to do your bit though, ask for الله to help you but put in the physical effort. الحمد لله my first year has gone and within 9 months الحمد لله with the help of الله I was able to pay the loan back.
    I make dua that this individual’s rewards are multiplied by many folds for their one action which allowed me to undertake further studies and hope in the future we can do the same for our youngsters.
    I hope that you benefit from my experience. I pray that الله makes it easy on us all, helps us to find a halal alternative, gives us the best of health, wealth and knowledge to use as a means of spreading Islam ان شاء الله. Ameen.

  • JazkAllah khair for sharing this clip. There is one thing I would like to emphasise a little on; while yes we should definitely make dua that the government does take into account some students are not being given an equal chance into higher education given their policy on student loan, we need to make dua that Allah gives us a way to be able to go and study without taking the loan.
    Having said this, I would like to share my own experience. As the Mufti said, Allah will rage war on those who deal with riba. This was one thing as an A level student I had fear of. For this reason I decided until I had the means I would not be able to go to university. My father would tell me make dua, ask Allah to help you and everyday I would ask Him to give me a way, to not make me of those whom He rages war against. University was something I saw as a means of qualifying myself in dunya to use it as a way of spreading Islam for my akhirah. I didn’t qualify for any scholarships, bursaries, nothing as my household income was just above the threshold but not enough for my father to lend me the money.
    A few weeks had gone by and I was regularly attending a tajweed class in my local masjid run by Sheikh Ahmed Saad. We had taken a break to pray Maghrib. As usual, after Maghrib I made my dua; it had become part of my routine of daily supplications I make.
    As I was about to pray my sunnah someone came up to me and said, “I have been trying to call you this past week and we keep missing each others calls. It just so happens you came up in a conversation I was having with someone and they told me how you will not be going university because of the student loan and I will lend you the money, pay me back when you can inshaAllah.”
    I was in shock. SubhanAllah! I made the dua with the conviction Allah would help me but never thought it would happen in such a way. Someone that I did not know as such. My rizq was provided in the house of Allah. I have a teacher that would always say “the rizq knows your address, you never know its”. This incident really put this into perspective and was a big lesson for me regarding how powerful dua is. Sometimes we underestimate the greatness of Allah until something happens as a wake up call.
    I tell you this story because I have a lot of Muslim friends who unfortunately took the loan and I want people to see especially students that alhamdulilah Islam has given us a powerful tool, dua, and we must use it to our advantage! It reminds me of verse 186 in Baqarah.
    Do not forget to do your bit though, ask Allah to help you but put in the physical effort. Alhamdulilah my first year has gone and within 9 months with the help of Allah I was able to pay the loan back.
    I make dua that this individual’s rewards are multiplied by many folds for their one action which allowed me to undertake further studies and hope in the future we can do the same for our youngsters.
    I hope that you benefit from my experience. I pray that الله makes it easy on us all, helps us to find a halal alternative, gives us the best of health, wealth and knowledge to use as a means of spreading Islam inshaAllah. Ameen.

    • I applied for University without any money in my bank, but thought that I will just hope for the best when I need to pay up. Alhamdulillah within the time period, I got my married, and got presents in the form of money, but still not enough for the fees (as my husband is also a fee paying student). I have just started to pay the instalments, and before each one, have no idea where I will receive the cash from. But Alhamdulillah, as you mentioned above. Allah provides, and no matter how much we work, our rizq is written and will come to us in whatever form He sees fit.
      Your personal story is very inspiring, and I’m so happy you shared it. It makes me so much more content and pleased with the decree of Allah and less worried.
      Jazakallah

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