Interest free student loans, are there any?
I am a muslim and am 16 years of age
I think in the future i will have to take out a loan for my education
however interest is prophibited in islam
so are there any banks, islamic instutions that give out loans with zero interest?
i live in the uk
I don’t have a specific bank or program to recommend, but I did find this interesting report from National Public Radio about the question of sharia-compliant loans. The interviewer talked to a number of students, religious leaders and banking reps about how they were working around the problem – perhaps you will find something helpful in there.
Good luck to you – I really hope this helps!
