Student taking out an interest bearing loan

Submitted by user2 on Thu, 2024-04-18 08:03

Q: A student asked that she has no money and tried getting assistance but no one has offered her any help. Will it be ok for her to borrow money on which interest accrues with the passing of time. She says that's the only option she has currently and doesn't know what to do.

A: This is not an option. Generally, the essentials are food, clothing and a home. If she has these then there is no need to aspire for more.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

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

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