[CKDIWEQ]

As-salamu alaykum.

While pursuing a bachelor's degree at a university in the United States, I took out some federal loans which have terms which stipulate that interest does not accrue until a certain period of time after graduation or during any period of being a full-time student. I had read fatwas online previously that indicated that this would be permissible as long as I would be able to pay back the amounts taken out in student loans before the interest-accruing period began, much like how using a credit card is permissible so long as the user pays the amount owed before any interest accrues. Here is an example of such a fatwa:

Other institutes, like educational departments, finance students with loans that accrue interest only six to seven months after the student graduates. No interest is charged from the time of graduation up to six to seven months. If repayment of the loan is made within six to seven months after graduation, one is exempted from the interest charges and if repayment is made after six to seven months, interest would be charged therefrom. It will be permissible to obtain such loans as long as repayment is made within those six or seven months and the interest charges are avoided. We are aware of many Muslim students that opt for this type of student loan. They take up part time jobs during the course of their studies and work hard after graduation in paying off the loan within six to seven months after graduation, avoiding the interest. We advise that you seek such a loan. http://www.askimam.org/public/question_detail/17341

I have now read other fatwas which indicate that even this would not be permissible, in addition to hearing this from a few imams in person. I would appreciate some advice for this situation.

JazakAllah Khayran for all of your help.

[23tommy]

Salam


I can't comment on the permissibility/impermissibility and I'm not answering your question: but since you're already in debt it is of course your duty to get yourself out as soon as possible, because debt is not something looked upon favorably in Islam, and delaying would of course mean that you would have to pay interest.

[bactrimtab]

i thought imam abu hanifah rh said u can take ribaa in dar al harb?

Didnt a deobandi alim give a fatwa that u cud both take and receive ribaa in dar al harb (i believe the fatwa was in relation to india)

wallahu a'lam

[chuecafressds]

Salaam.

How would you buy a house than? full in cash?

Salaaam

[Npbfamgt]

Salaam.

How would you buy a house than? full in cash?

Salaaam

How would you buy a palace in the hell ?

[Muhabsssa]

Mufti Ebrahim Desai is a top notch mufti. I would rely on his opinion.

As-salamu alaykum.

While pursuing a bachelor's degree at a university in the United States, I took out some federal loans which have terms which stipulate that interest does not accrue until a certain period of time after graduation or during any period of being a full-time student. I had read fatwas online previously that indicated that this would be permissible as long as I would be able to pay back the amounts taken out in student loans before the interest-accruing period began, much like how using a credit card is permissible so long as the user pays the amount owed before any interest accrues. Here is an example of such a fatwa:


http://www.askimam.org/public/question_detail/17341

I have now read other fatwas which indicate that even this would not be permissible, in addition to hearing this from a few imams in person. I would appreciate some advice for this situation.

JazakAllah Khayran for all of your help.

[KeettyGlots]

i thought imam abu hanifah rh said u can take ribaa in dar al harb?
Didnt a deobandi alim give a fatwa that u cud both take and receive ribaa in dar al harb (i believe the fatwa was in relation to india)

http://www.albalagh.net/qa/riba.shtml

[bactrimtab]

Salaam.

How would you buy a house than? full in cash?

Salaaam

is that your daleel for taking ribaa?

[haudraufwienix]

i thought imam abu hanifah rh said u can take ribaa in dar al harb?

Didnt a deobandi alim give a fatwa that u cud both take and receive ribaa in dar al harb (i believe the fatwa was in relation to india)

wallahu a'lam

India is not exactly Darul Harb. Three conditions have to met for that.


As for the fatwa's claim that India is an
enemy land (dar al-harb), it is not in its generality
true. Because areas where Muslims reside and
there is a remnant of Islam's rules-even if this is
limited to marriages and what pertains to them,
for example-are considered Muslim lands. A
Muslim land does not become an enemy land
except under three conditions:

(a) that the security of Muslims through their leader no longer exists and the security of nonMuslims has taken its place;
(b) that they have been surrounded on all sides such that it is impossible for the aid of Muslims to reach them;
(c) and that not a single one of Islam's rules remains therein (N: which effectively means that none of the lands that Islam has spread to and in which something of it remains can be considered an enemy land. As for other countries, enemy lands (dar al-harb, lit, "abode of war") consist of those with whom the Muslim countries (dar al Islam) are at a state of war) (n: in the light of which, it is clear that there is virtually no country on the face of the earth where a Muslim has an excuse to behave differently than he would in an Islamic country, whether in his commercial or other dealings).

(Rudud 'ala abatil wa rasa'il al-Shaykh Muhammad ai-Hamid (y44) , 2.267-79)