Thread: student loans
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Old 07-20-2011, 06:59 AM   #15
ditpiler

Join Date
Oct 2005
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481
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finance related article here
http://www.alqalam.org.uk/

As far as I know there have been many views depending on the condition of the environment. However currently there is an accepted view no matter what Riba is not permissible. However there are scholars gives concession out of necesseties temporarily.
We should stay away from Riba based economy asap and ought to adopt the murabits approach as much as we can in dealing with financial matter. The dominant hanafi view is somewhere between the puritanical approach of murabit and the batil system. Not everyone can emulate the murabit. Some of the hanafi have started to adopt the murabit approach. I too am a supportive of murabit approach but appreciate the effort made by the likes of Mufti taqi to resolve the issue ina practical manner.
Allahualam
what would be the necessity?
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