This post is to help a sister out. She resides in UK, has been doing her undergraduate for the past 5 years. Her parents paid 9K towards uni with no loans. However, she needs to pay another 3k to resit an exam and pass her degree. If she doesn’t she will lose her undergraduate degree that she had been working for the past 5 years. She is very religious and so she doesn’t want to take any student loans. So I was wondering if there’s any sharia compliant student loans for her. Anyone who has any idea about how it works please help her out
@resjudicata Ma sha Allah I am very happy to see your comment brother, made my day. What a selfless act and strategy, the power of unity. We can do wonders with unity. If you donate, $50, I will also donate, loan, and qard d hasna the amount you donate in sha Allah. May Allah bless you.
@adelmaryamibtisam She can pay back each person the amount she owe. What's more simple then this? Even better if there are more people, without time limit and intrest. Muslims helping Muslims. Ummah spirt. It shouldn't be charity. But it can be Qaraz d hasna. Or she she can still pay back what she owe.
@adelmaryamibtisam 0% money transfer credit card to transfer cash to your bank account. These normally have a 12-24 month period to pay it back and may have a transfer fee of around 4%.
However, if you can pay the resit fee via credit card, then you can use a 0% balance transfer credit card. These have a period of 12 - 28 months to repay and a transfer fee of upto 3.5 %. However both Barclaycard and Nateest have balance transfer credit cards with a 12 months repayment period at a 0% transfer fee. So as long as you repay the money in 12 months and make the minimum monthly payments, there is no interest at all
