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**Farson** · 12-12-2010, 06:45 PM

Brothers,

Just wondering is it haraam to take out uni loans out in UK for higher education and than re-pay the loans back with low interest rates when one starts earning in future?

More importantly, in UK a new policy has been established for students tuition fees which has been raised from £3,000 to £9,000 minimum and people who will be doing elite degrees will be taking much higher loans ranging from £9,000-£15,000 per annum depending on the institution.And the government has announced the interest rate will be twice as much and nearly 5 times the debt as the previous students.

Also regarding mortgages for buying a home, i heard that the Ulama have allowed to buy only One house on mortgage loans and pay interest on it.

So as muslims do we remain debt slaves for the rest of our lives paying interests in order to gain good education and a roof on our heads?

I think most of us are already paying insurance for many things that we use in our daily lives.

I am sure all these things can effect our Imaan in a very bad way?

Please let me know so i can give my younger brothers the right advice so that they don't have to face such evil things in their lives.

12-12-2010, 06:45 PM	#1
Farson Join Date Oct 2005 Posts 538 Senior Member	University loans and mortgages Brothers, Just wondering is it haraam to take out uni loans out in UK for higher education and than re-pay the loans back with low interest rates when one starts earning in future? More importantly, in UK a new policy has been established for students tuition fees which has been raised from £3,000 to £9,000 minimum and people who will be doing elite degrees will be taking much higher loans ranging from £9,000-£15,000 per annum depending on the institution.And the government has announced the interest rate will be twice as much and nearly 5 times the debt as the previous students. Also regarding mortgages for buying a home, i heard that the Ulama have allowed to buy only One house on mortgage loans and pay interest on it. So as muslims do we remain debt slaves for the rest of our lives paying interests in order to gain good education and a roof on our heads? I think most of us are already paying insurance for many things that we use in our daily lives. I am sure all these things can effect our Imaan in a very bad way? Please let me know so i can give my younger brothers the right advice so that they don't have to face such evil things in their lives.
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