Student Loans: Halal or Haram, Any Alternatives? | Dr. Mufti Abdur-Rahman ibn Yusuf
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- Title - 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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Brothers, please please do not take any riba based loans. Have a good intention and sincerely ask Allah for help if you don't have the means to pursue masters, Allah will open the doors for you. Wallahi, I did my Masters in US without a loan. When I made the intention to pursue masters, I didn't have money. Therefore I worked in UAE for 15 months and saved enough money to pay for the first semester ($9k). Later I received scholarships for the rest of my masters program to the tune of $20k and I didn't have to pay any money. The only reason this happened is because I sincerely made dua to Allah to help me out after doing my bit, and Subhan Allah, Allah opened the doors for me.
Which University, US universities never give you full bail out. They have some scholarship amount to large number of students.
Shukran for sharing your experience.
good for u man
may Allah accept.
why dont we encourage rich muslims to make non intress loan-contract
with stundents, get hasanah and all win :).
may Allah guide us all. ameen
That would be the best solution
I took a student loan as I had no other option of borrowing. Some of these comments are blaming this guy but at the end of it he's not going to be responsible for your actions. In my first year of employment I've managed to pay half my debt, so I think whoever has taken it try their best to pay off. Because when you get the statements every year you will see interest accumulation like as if it was an actual loan.
This really conflicting. Our Muslims scholars know that student loan is haram yet they haven't do anything about it. May Allah forgives thoes of us that are already having student loans.
The answer is work your ass off to pay for your college to save your self from riba. Like how we can't buy house on riba all this rent we paying going to waste. Real real ULLAMA say it is better to pay thousands for rent then pay $1 in riba.
True
@@DIESELMO2NV whyyyy????? Riba was banned so that the oppressed shall not be exploited.....
And now, that ban on riba is exploiting..
We need a proper explanation on this
Why are you blaming the scholars
Mash'Allah! A much needed video.
May Allah elevate Mufti saheb's status in Jannah, Ameen!
Aameen
Aameen
May Allah bless this guy he is telling the truth
The Republic Ameen
Thank you...Jazak Allahkhair. Finally someone who is not afraid of telling the truth. Totally makes sense.
MaShaAllah very powerful speech! May Allah (swt) give us alternative ways for studying in these countries!
SubhAllah may Allah forgive me and anyone else in my situation. Only if I had this clarification before going to university I wouldn't have. Thank you for this clarification.
theres a difference between being able to afford it and having to take a student loan. When you are in a country where student loans have interest its not your fault that intrest is implemented, so you have no choice other than to take the student loan and pay it back as soon as possible. However if you can physically afford the tuition fees then it is probably haram to take a student loan. If not then its permisble since you have no choice.
You make don't sense. But what's your evidence ?
If u think having war waged against u by Allah and his Prophet SAW is an acceptable price to pay for getting a degree then u need ur brain sorted out
Amazing, can't believe i am only seeing this now!
A way of getting around this is when older Muslim's give loans to students to pay for their education.
Lloyds TSB bank is offering 5 yrs interest free loans for students
Really?
Interest, however much it might accrue, leads in the end to penury (ibn Maja)
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I was not practicing when I got a student loan and only realised the severity of riba after I graduated and it's been 9 years since I've graduated and I've been extremely slowly been paying it off but interest is crazy and it just seems like it's just going up and up. . . . .what do I do ? Anyone ?
Read the dua said by the prophet. This website inshallah. muslimmatters.org/2015/09/18/get-out-of-debt-with-dua/
Salam, I repaid my loan by giving them everything that was left, after I paid all the necessary bills, including childcare and petrol. Most of ALL don't neglect the Zakat and give Sadaqah. I don't know your situation I advise you make a strong dedicated plan.....no holidays, no dining, no take outs. It will be though Subhan Allah. I know you will succeed Bi Idna Allahi Al Kareem
Haram or not this guy is advising us for our long-term benefit(s). Student loans suck and drain the lives out of graduates who get out right away from grad school and suffer so much from paying it back. The pain from doing so is real. I've seen people who live in the worst areas just to survive, due to the fact that they couldn't pay back their interest and loans on time because of the poor credit score they receive from not paying back on due time.
This is what frustrates everyone the most is that we muslims don't really give a shit for each other on such detrimental issues like this. We should create and setup more opportunities that involve scholarships for anyone wanting to go to college and especially to medical, law and engineering related schools where tuition rates are the most commonly high.
What happened to the college fund fad that parents aspired for their kids once? That would better than to follow the deceitful norm of borrowing from banks who conduct business on their loanees.
In my opinion go to a different country where it's much cheaper and study there.
It's 2024 (after 10 years this video is out) and I wanted to ask is there a halal way to get loan or does the muslim communiety has done something for it's youth or not?
Brothers I really messed up when I took uni loans and tuition fees! It still haunts me
Me too 😭😭I can’t afford to pay all at once.
Repent remember Allah SWT is Most Merciful
I seriously dont know what to do, i want to go to uni but its riba, can the islamic bank of britain provide student loans?
Jubz U nope unfortunately they dont...subhannallah im going to my second year in university and i want to change my course to one that is under the NHS...because that is the only choice I have now subhannallah
Auntie Semite :
Who are you?
Divisive SNAKE?
Contemporary jurists have ruled that fiat money, which has no intrinsic value, follows the same rules as commodity money. The rules that apply to the latter also apply to the former. Thus, when a sum of fiat money is loaned, the lender cannot demand any increment above the sum of the loan irrespective of the value at the time of repayment. Therefore, in the case of the current structure of student loans, as the lender demands an increment at the rate of inflation, this amounts to riba which is prohibited. Thus, student loans as they stand are not suitable for Muslims.
To live halal. You have to go off grid. This is almost impossible. Almost!
Asalamualaikum. I would appreciate if you would respond to Shaikh Haitham Haddad, who has a strong case that the "student loan" is completely permissable
Hahahaha 😂
What is his evidence, give video link.
Borrow from others? Are you going to lend me £30,000?
allah will if you bi leave
Hi. Universities and other institutions offer scholarships or grants, burseries.
@@youngmo77 its not easy. Especially in the UK.
H H If you have sincere intention with Allah and make dua, Allah will find a way for you. Allah helped my sister graduate as well
Get a Job.
You are right 👍
This was so helpful
Jazakallah kheir
We are destined to get what ALLAH subhanawat'ala has decided for us. ROZI is fixed by ALLAH subhanawat'ala.
It doesn't depend upon our MS study only.
Look out for alternatives to earn HALAAL lively hood.
Don't invite the wrath of ALLAH subhanawat'ala by getting into RIBA.
This is the best way to put it. At the end of the day, however much we will earn through our lives is already determined by Allah SWT whether we take riba or not.
ah ok taken from our name mashallah
I understand that loans are harram but the person in the video clearly doesn't fully understand the student loan system in the uk so I am finding it very difficult to make a decision. plus recently the government decided that they will cancel grants nd swap them for loans, meaning that students like myself will have to live of university bursaries which are approximately 1500 pounds a yr which is not enough for anything. this means that people cant do that trick were you save up ur grants which to help pay for their tution fees. my family dont work so I have no source of incomr watsover while im studying and part time jobs are more competitive than evrr and the money from those will go towards students daily expenses. for someone like me I cant do my course part time and I have to move out so I will have to take out all these loans nd inshallah it shouldn't be harram
***** did you watch the full video. just watch the full video. The mufti sahab already said that people who don't have sufficient for living for themselves then one can accept zakaat which you don't have to pay back. Once you save so much money/property that entitles you to pay zakaat then you pay it. One sincere advice as a muslim brother would be ask a mufti or any scholar you know or think is knowledgable and explain to him your whole situation, they can guide you. If the scholar is physically in reach it's better but if not try to reach them through phone/email etc.
+Mohd Feisal Patel This is impractical because whos going to fund someone £15k a year for 3 years.... this is the minimum because for some living costs food costs rent etc is expensive add in the tuition loan of £9000. Its so difficult.
+fa155al I know some organizations in India who support muslim students with zakaat. The shaikh is just telling you can accept zakaat for your fees rather than taking a haraam loan.
Mohd Feisal Patel And what about those who dont live in india...
+fa155al There would be organization there. You might need to search a little bit. If you don't find an organization you can accept zakaat from different masjid or people
Giving money with interest is a sin/Haram in both Christianity and Islam. So student loan IS HARAM.
In nz, the interest is written off, so Is there still a problem?
jazak allah khira ; than allah there is still , good imams . not like some others.
brother zakat user does not fall into the education need. Zakat is for needy people, miskeen and people who are deprived for basic human needs. even zakat cannot give it to hospitals.
Ser good after noon I find many academy intended to your offered tnx...
Mashallah great video
Don't worry it clearly says on the student finance website that when you die it will be written off completely..so basically I THINK it isn't Haram
+Lilfredy P.I.M.P A student loan is haram,Period. Dont be a modernist, and flex the religion to meet your need's.
Bro with all due to respect if you are not knowledgeable ask someone who is. For instance a scholar. Jazakullah khairan
You Think; without logic, any islamic understanding, any islamic teaching, islamic eduction. You think? Keep your thinking to yourself. Period
On Behalf of Our Beloved sheikh Imran Hossein. IS PAPER MONEY HALAL OR HARAM. IS CRYPTO CURRENCIES HALAL OR HARAM. GIVE US A RULING
Why is the mufti talking about a person who goes to uni for no reason? People go to uni to get better jobs. If you do not have a qualification, you will be stuck doing labourious jobs your whole life. Mufti did not answer this question.
there are so many options out there - not having a degree doesn’t mean you’ll struggle to get a job! you can do an apprenticeship to get a degree, or an apprenticeship with other qualifications, you can start off with a basic office job and work your way up, you can do training in soooo many different fields. let’s not kid ourselves and think that university is our only option to have a good career.
Many people do useless degrees.
Everything he said was good but when he said to give your zakat to these students that want to pursue there career in the dunya to become a doctor or engineer sorry buddy that is not a poor person poor people are in the middle East are in Afghanistan in Pakistan in Africa they deserve the money you want to be come a doctor work and study it might take more time better then taking a loan and paying riba. I did it and so can every body stop crying like babies!
Zakat is a community tax, also these problems you talk about in other countries is much more than “money problems”, alot of it is also polotical, take yemen for example with blockades and famine. Once again someone trying to question a scholar based on their own opinions, theres many types of people that can accept zakat with the shaykh mentioning just one of them.
@@mohammadyunuspatel2356 sorry Zakat is only for the poor or the needy not a person that wanna become business man or doctor.
DIESELMO2NV did you watch the video? He said someone in debt, cite your sources before making ridiculous comments about Islam. If one is in debt and then cannot afford any legitimate expenses meanwhile, they are not poor? “So ask the people of the message if you do not know.” An Nahl 16:43. May Allah guide you. Aameen.
@@mohammadyunuspatel2356 you put your self in that school debt bro this is America work and pay for your college. You wanna become a doctor get in debt then want zakat to get saved lol you funny!
DIESELMO2NV Zakah expenditures are only for the poor and for the needy and for those employed to collect [zakah] and for bringing hearts together [for Islam] and for freeing captives [or slaves] and for those in debt and for the cause of Allah and for the [stranded] traveler - an obligation [imposed] by Allah . And Allah is Knowing and Wise. At-Tawbah 9:60, come again? Is it me or Allah you’re arguing against? May Allah guide you brother. Ameen.
Making profit from haram ads is also haram but hey hoy it doesn’t affect you
It does effect that's why you don't keep haram ads money u give it away to someone in need without reward
Are you a mufti?
I believe Turath publishing were doing some kind of scholarship fund
Is Federal Pell Grants haram, this is unlike loan you get free money from the government, should I continue to use it
No. Federal Pell Grant is money you don't have to pay back. It's not a loan, it's free money.
Thanks
Also because of this and when I listened to ur talk ,even though you consulted the highest and most knowledge muftis and there findings were correct, u should have consulted money analyst experts . Plz advise as I do not want my children to begin adult life with harram
Mas
Student finances is a good thing that the hood people of western world has provided for we the people of the land,wat is u
Wat is ur Muslim people doing for ur poor people with ur land money, buying cars yh, lol
Open a Business, the wealithiest people on earth opened there own Businesses.
MaaShaaAllah, someone with some brains.
i'm so happy I didn't listen to this video because 9 years later, what faciltiies and solutions are available to somoene who doesn't have the luxury of borrowing money off friends/family. Easy to say this and let someone waste their life away.
I think we need to start differentiating interest from Prophets time and what it is today. Prophets time was when rich used it abuse poor/slaves by charging them 100/200% interest rates and generation after generations were paying off loans. (Still happens in Pakistan Rural areas). Modern Finance interest is a totally different animal , its market driven. Depending on the market condition, rates could go up and down. Car loan/student loan/ etc can be from .99% to 8% etc. Again not issuing no fatwa, i am no scholar. But in modern day and age there is no way to avoid Interest. I think we need to start taking modern day needs into accounts. Just my opinion.
Islam is for all times so what applied then applies now
of course..our modern times and our situations of this day and age are quite different from prophets time. however you're forgetting that quran is timeless and Allah revealed it knowing what's coming in the future. it says in hadith where allah himself told prophet saw that closer to the end of time interest will become unavoidable. so allah has wisdom behind every law of shariah. it's just that we don't understand fully in this world
+harisahmed90 That's where you are wrong people are slaves to their government and corporations because of things like interest and loans. They are indirectly being manipulated and influenced day in and day out.
+harisahmed90 Yeah but still it isnt fair for someone to charge you extra just for lending you money. Also even if the interest rate is low in can still last for over 10 -20 years because people struggle to pay them. if you don't believe me then please search up the loan crisis in the US. it is an unfair way of making money.
+Kaivan F exactly it takes around 30 yrs to pay of student fees depending on how much you earn.
I hate this video. You're telling us not to pursue religion and insinuating that it's our fault for putting ourselves in this "bind".
This is not a choice. I come from a poor family and I've been accepted to study dentistry at a great uni, I have no other choice but to accept tuition fees to carry on with my education. You can't do everything online
Man don't listen to this guy. I hate extremists like this- makes me so angry. They find it so easy to say things when they are not in the same position! Go proudly and study your dentistry!
hakkihan tunbak Ikr man, ahh thanks so much for the support though! I really appreciate it :D
But yeah sometimes we have no other option and people need to realise that, not alienate us for it :/
IceLysis Brother, i hope you don't take this the wrong way but there is always a choice. Study part time if you have to and get a part time job to pay your tuition fees. Allah has been very clear about his position on interest in the Quran.
fawazi abdulghani Did you read what I said? I'm studying dentistry, my course commences on weekdays from 9-5 usually. I need to do 3 hours of revision each day, and 5 hours of revision on weekends.
1) I don't have the time to get a job.
2) It's impossible to study dentistry part time
3) please do some research before replying
fawazi abdulghani what if your degree does not give the option for part time study? Do you really think that a part time job will cover the tuition fees of 9000 a year ALONG with living expenses...wishful thinking. None of us want to take out interest willingly.
Be quite.
deobandi bubble herd think
instead of focusing on Quran they always refer to their ustad or some muftis
Shuja Syed
Everything they or their teachers say comes from Quran and Sunnah !
The commenter does not understand that the Mufti is is referring to rulings derived from Quran n Hadeeth by their teachers.
According to this logic, you shouldn't be able to drive a car either, because of the insurance. You shouldn't be able to have a contract phone, because it is "oppressive". How are intelligent individuals who come from a poorer family background supposed to go to university in order to get a good job to save their family? I think NOT taking the loan is the oppression here. Use your brains, my brothers.
you are not the one saving your family. You must understand that you are not the one who provides for your family but Allah.
fawazi abdulghani so we should all just sit at home?
You must do your bit before asking Allah to help! You cannot expect to get 100% in examinations without revising for them! You must first revise, do your bit, and then (most importantly) ask for Allah to help you in it.
hakkihan tunbak i did not say that. Once you understand that Allah is the provider of all you realize that all you can do is to try your best, if you cannot attend university in a halal manner then you should not attend it. Allah will find you a path that is halal if you put all your trust within him. As-salamu-alaykum wa-rahmatullahi wa-barakaatu
fawazi abdulghani People like you would say even breathing is Haram.
There are weak Hadiths:
who judges whether they are weak or not? You must use the brain and heart (genuinely) to come to reasonable conclusions. Why did Allah give you your brain?
Aleykum selam
Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, "Trade is [just] like interest." But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah . But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein. Quran 2:275
please don't let anger cloud your judgement, if anything i said is wrong i repent and seek forgiveness from Allah. May Allah guide you and i to the right path.