Is Student Loan Allowed Or Is It Riba/interest?
Faisal bhai, What is the difference between riba and interest ? Are both haraam ? How can a student pay interest without the lender muslim earning interest through lending this loan to the student ?
Ghamidi Sahib talking about sod (سود) nowadays and I hope he will comment on the following? 1 – interest on personal loan 2 – student loans especially when it is not and a qarz e hasna and students don’t know how their future will evolve 3 – compound interest 4 – investment in companies in the form of stock or direct capital 5 – venture capitalists 6 – stock investing in general