Thread: student loans
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Old 07-19-2011, 06:09 PM   #10
DonnyKong

Join Date
Oct 2005
Posts
403
Senior Member
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Very tricky predicament. I feel very uncortable making riba halal but doesnt the shariah have principles that allow for necessity?
This has made me recall an anecdote . While I was in the UK , one south Asian told me that in one community , they have a saying like this " Its OK to buy the first house with the interest based loan from the bank. But , the second house is not allowed as it is not necessity !!"

You see , there are many definitions of "necessity " !! May be , you should rent a scholar who will fine tune the definition of "necessity " which is most suitable for you !!!!!!!

Then make a Faustian bargain

Its so easy to jump into the abyss of hell !
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