Question & Answer
I took student loans without knowing it required interest when paying back.

asalamu alaykum, i am a student going to my third year in university and i took student loans without knowing it required interest when paying back. I'm trying to juggle two jobs so I can pay installments but the university says if you don't pay on time you will be terminated from the course and on top of that im getting so stressed what can I do? If i knew the loan was interest based i would have done an nhs course.

Answer:



بسم الله الرحمن الرحيم

We begin with Allah’s blessed name, we praise him and we glorify him, seek his forgiveness and ask him to guide us. Whoever Allah guides, None can lead astray and whoever he misguides, None can guide. There is no power and no strength except from Allah, The most high, the Most great, the most powerful. We bear witness that there is no one worthy of worship but Allah Alone, and we bear witness that Prophet Muhammad (pbuh) is His slave-servant and the seal of His Messengers. We pray for peace and blessings on all the noble messengers and in particular on the last of them all “the blessed prophet Mohammad (pbuh)”

if one has in the past taken a loan on interest out of ignorance, the first and foremost one should do is to turn back to Allah in sincere repentance and make a sincere covenant with Allah that you will never ever indulge in this sinful act again.

Since you have realized the sin you had done out of ignorance and have repented, then believe with absolute conviction that our Lord is most merciful and oft-forgiving, he forgives any sin he wishes.

The best for a believer in such a condition is to full fill the agreement and contract and pay the loan along with the interest and make a sincere covenant with Allah that you will never ever indulge in this sinful act again.

Dear brother, we could not understand your question fully, we could say something if you could elaborate “I'm trying to juggle two jobs so I can pay instalments but the university says if you don't pay on time you will be terminated from the course”. And Allah alone knows the best.

I ask Allah to make this a sincere effort, seeking his pleasure, and I ask him to grant us refuge in him from the evils within ourselves, and that in our deeds. I ask him to grant us success in achieving whatever pleases him; And May Allah Shower His blessings and mercy upon our beloved Prophet Muhammad (pbuh), his family and his Companions and on all those who follow him until the final hour.

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Category:Riba (interest)

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