Source: http://qa.muftisays.com/?9643
Question ID: #9643
 
Question: Student loan repayment
Salam Allaikum,

Around 7-8 years ago, I applied for a student loan which I used to finance my studies while in the UK. Unfortunately when I applied for the loan, I was under the understanding that it was not prohibited. Now I am certain that it was haram and that interest will be added which is a continuous haram as I am repaying it. My question is, I should I start by paying a large amount every month, which at this moment is already a dilemma as I recently got married and I need to support her. The other option would be to avoid paying any substantial amount, and avoid paying later one as I already do not live in the UK, and plan on not moving there again, and will most likely be under a smaller income in the future which will not cross the threshold that required me to repay. Would this be considered a debt which is haram to not repay. A key point is that the debt will be cancelled after 30 years.
 
 
Answered by: Ulamaa ID 04 (London)
Date: 08/02/2024 18:22pm

بسم الله الرحمن الرحيم

الجواب حامداومصليا

Firstly, make Tawbah for taking out a loan on interest.

Secondly, as the loan is legally binding it is necessary to pay it off as soon as possible without any addition of more interest.

And Allah knows best

28 Rajab 1445/ 08 February 2024


Mufti Qamruzzaman

London, UK
 
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