Published 5 years ago
Last updated 5 years ago
Q: Is indexation considered as riba? There are 2 methods to go to university
1. Paying upfront
2. Student loan (i know this is haram already but i just want to know about the 1st option whether it is actually halal because only a minority of Islamic scholars talk about this issue of inflation causing the prices to rise).
A: This is not riba.
And Allah Ta'ala (الله تعالى) knows best.
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