Is a student loan with interest considered usury, given that the loan is not repaid if the student's annual income does not exceed £21,000? And does this loan affect the blessing in one's sustenance and good deeds?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Every usurious loan is forbidden, even if the borrower believes it's possible to avoid paying interest, because simply by entering into the contract, he participates in a usurious agreement. If you proceeded with this loan based on a that permitted it, then there is no sin upon you for what has passed. You must strive to repay the debt and extricate yourself from its usurious effects as soon as you are able. And whoever repents with sincere repentance, Allah will accept his repentance.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18750
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18750
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy