Title: I am studying in eng. college in B.Tech course.I have applied for education loan in minority commision.LOAN IS GRANTED BY THE STATE GOVERNMENT @3% interest. is it halal for me as my parents are unable to pay a huge amount of fees.please clear my confusion.

Question: ASSLAAMALAIKUM, I am studying in eng. college in B.Tech course.I have applied for education loan in minority commision.LOAN IS GRANTED BY THE STATE GOVERNMENT @3% interest. is it halal for me as my parents are unable to pay a huge amount of fees.please clear my confusion.

Answer ID: 6571Posted on: Aug 30, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1131/1068=D-1429

It is unlawful to give and take interest. If you can continue your education through any lawful income source, then you must adopt it, otherwise in case of dire difficulty and compulsion, it is allowable to take education loan and you must continually do repentance and seek forgiveness while deeming it a sin.