The World Federation One Stop Fiqh

Ask an Alim

Is it permissible to take a Student loan?


I am looking to attend university and I would need to take out a maintenance loan and tuition fee loans.
The total cost of the loans will be in the region of £65,000. The student loan agreement is that the rate of inflation + 3% interest is added to the loan until it has been paid off.
Another stipulation is that I am only required to repay 9% of any earnings over £21,000 towards the loan amount. However, if I die or if 30 years he passed since I took the loan out, the debt will be cleared.

I estimate I will repay £60,000 in interest over a 30-year working period based on the expected salary of the profession I wish to do. This means I will not be paying more than the amount borrowed and will not be paying any interest.

Please can you advise if this is permissible?
For me to take out an interest-based loan, but with the intention not to pay any interest?


Waalaykum al-Salam
Thank you for your question.

For your query, we got in touch with the office of Sayyid Sistani and they said:

You should intend that the money you are taking is your own and hence it will be ok to use it as you wish. Your intention should not be a loan (قرض).

Good luck with your studies and may you flourish.