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Are Muslims allowed student loans?

Discussion in 'General Discussion' started by lunar, Aug 20, 2018.

  1. Haze

    Mobster

    Joined: Jan 10, 2007

    Posts: 3,251

    So op is special, and this thread is pointless
     
  2. Irish_Tom

    Capodecina

    Joined: Oct 18, 2002

    Posts: 12,636

    The Reformation had a lot to do with the change in the Christian view towards usury.

    Part of the ‘new’ Protestant denomination was a relaxation of usury laws.

    Technically it’s still a sin in the eyes of the Catholic Church, but they’ve changed the definition of usury to ‘extortionate interest’ rather than just ‘interest’.

    There’s also a long history between Christianity and Islam, and Judaism (only Jews were allowed to charge interest and became defacto bankers).

    Obviously it’s much more complicated than that, but Christianity’s approach to usury isn’t quite as simple as it first appears.
     
  3. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,971

    Location: Welling, London

    Usury was quite a big thing in the Middle Ages. Medieval Europe regarded any charging of interest on loans as sinful, Islam still does today.

    It’s just more proof that Islam is 500 years behind the rest of us.
     
  4. robj20

    Sgarrista

    Joined: Apr 9, 2007

    Posts: 8,885

    So basically follow the rules that suite you.
     
  5. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 69,047

    The Bible (some translations aside) though in the few instances it concerns itself is almost purely from a charitable context rather than using loans for day to day business, etc. while it seems Islam has a very different take on it.
     
  6. Tefal

    Capo Crimine

    Joined: Jun 30, 2007

    Posts: 66,581

    Location: Wales


    Christians and Jews have no rules against it as far as I know.

    Given no Christians read the bible its all just cultural hearsay lol
     
  7. Maccy

    Commissario

    Joined: Nov 23, 2004

    Posts: 36,651

    Location: Herts

    I genuinely had no idea that Muslims couldn't take/give loans with interest. Guess every day is still a school day.
     
  8. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,971

    Location: Welling, London

    They also can’t get tattoos and men can’t wear gold rings. Statues in the house are a no-no too. Bizarre but true.
     
  9. d_brennen

    Capodecina

    Joined: Jan 30, 2009

    Posts: 15,684

    Location: Aquilonem Londinensi

    I had a look over "Islamic" mortgages and loans when my then colleague was looking to buy a house. What ever way you cut it they're paying interest like everyone else. The Jewish banker who came up with the idea must have ROFLd himself into a coma :p
     
    Last edited: Aug 21, 2018
  10. lunar

    Gangster

    Joined: Jul 18, 2015

    Posts: 356

    Location: London

    I want her to get a student loan. She is the one who shows doubt.
     
  11. lunar

    Gangster

    Joined: Jul 18, 2015

    Posts: 356

    Location: London

    Lets not go in that direction. I think much has been said about renting in this forum.
     
  12. Destination

    Capodecina

    Joined: May 31, 2009

    Posts: 19,884

    Indeed, there is a considerable workaround for mortgages etc
    So the loans do happen, they just change the loan amount so it doesn't seem like interest.
    Same thing in the end.
     
  13. lunar

    Gangster

    Joined: Jul 18, 2015

    Posts: 356

    Location: London

    Not easy to save. Besides, muslims tend to have lots of children.
     
  14. JoeF1

    Mobster

    Joined: Jun 12, 2012

    Posts: 3,923

    Location: West Yorkshire

    This.

    Although as interesting this thread has been to read, i do feel OP should have prepped his daughter way before asking her how her student loan application was going? That part makes zero sense to me. I'm calling shenanigans on this thread.

    I mean surely you would know this? If you're super into your faith?
     
  15. lunar

    Gangster

    Joined: Jul 18, 2015

    Posts: 356

    Location: London

    My daughter is a devout muslim. In the past we discussed student loans, which she was against. I assumed that the school would help her with the application, just like the personal statement when applying to University.
     
  16. LeMson

    Mobster

    Joined: Mar 21, 2012

    Posts: 3,156

    As someone off to uni next month if there was a way for interest free loans the student populationn would be 100% muslim :p
     
  17. Haze

    Mobster

    Joined: Jan 10, 2007

    Posts: 3,251

    Like all religions....
     
  18. Tefal

    Capo Crimine

    Joined: Jun 30, 2007

    Posts: 66,581

    Location: Wales


    Take her to the Inman who told you its fine to have a mortgage and get him to tell her the same.

    Also do the its a tax dance.

    Or go the whole hog and point out a daughter has to obey her father and command it.

    Islam is also pretty clear that people shpuld seek knowledge and education (regardless of what some groups say) so by furthering her education as best she can she would be doing as Mohamed commanded and pleasing Allah.
     
  19. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,971

    Location: Welling, London

    Well there’s your answer, don’t have so many kids then it will be easier to provide for their education.
     
  20. TheOracle

    Capodecina

    Joined: Sep 30, 2005

    Posts: 12,288

    GD is ALWAYS the place to ask about ANYTHING. I know if I had an illness, I'd much rather take advice on here than my local GP. Now that is a FACT.
    My doctors an idiot though..