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**Farson** · 05-06-2011, 05:05 PM

All i know is interest is Haram, so loans are not allowed. I myself is drowning in them, trying for foreclosure to stay away from interest. Isn't there some kind of Islamic banking in some countries? Anyone know more about it?
How do all of you escape from loans? Whats the Halal alternative?

There are thousands of muslims studying in UK's universities and in order to fund their studies the government loans the money out for tuition fees and living costs and once the student completes his/her studies they end up paying back those loans with minimal interest.

I have never heard of Islamic bank loaning out for these kinds of things in UK.

For more info on UK student loans:

http://www.direct.gov.uk/en/Educatio...ance/index.htm

05-06-2011, 05:05 PM	#5
Farson Join Date Oct 2005 Posts 538 Senior Member	All i know is interest is Haram, so loans are not allowed. I myself is drowning in them, trying for foreclosure to stay away from interest. Isn't there some kind of Islamic banking in some countries? Anyone know more about it? How do all of you escape from loans? Whats the Halal alternative? There are thousands of muslims studying in UK's universities and in order to fund their studies the government loans the money out for tuition fees and living costs and once the student completes his/her studies they end up paying back those loans with minimal interest. I have never heard of Islamic bank loaning out for these kinds of things in UK. For more info on UK student loans: http://www.direct.gov.uk/en/Educatio...ance/index.htm
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