Taking an education loan from the bank

Submitted by admin on Wed, 2014-11-05 08:32

Q: My friend studied engineering by taking an education loan from the bank. He has to pay back interest also after getting a job. Is earning money through this qualification haraam?

A: Interest is haraam and forbidden in Islam. Your friend should sincerely repent for getting involved in the sin of interest and make a firm resolve that he will not return to this sin in the future. However his earnings through engineering will be halaal provided it is not associated with any haraam.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Interest and Gambling›Interest bearing loans & Transactions

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