Is Student Loan Allowed Or Is It Riba/interest?
Assalamualikum Mumtaz Sahab! Points 1,2 and 3 raised by you have already been covered in the talk actually ( they haven’t been discussed separately but the essence of their ruling is the same as that of riba ), kindly refer to these videos once again: Discussion 30863 For further in-depth understanding on Riba, please refer to following lectures: Discussion 31673 • Reply 31674 Regarding Investment in general, in the form of stock capital or direct Investment, following points need to be kept in mind: – the investment should not be in a company engaged in immoral/unethical/Haram activities. – The general principle of لَا تَأْكُلُوا أَمْوَالَكُمْ بَيْنَكُمْ بِالْبَاطِلِ ( devour one another’s wealth by wrongful means ) should be looked for in all financial transactions. For further details you can refer to the following lectures: Discussion 31654 • Reply 31655 You might also find the following discussion on stock Investment/Trading insightful: Discussion 2364 ( In case you still have any question regarding any specific application of riba or financial transaction (s), please feel free to post them in a separate topic )