Fatwa #3123019 November 2014Bangladesh
Is it permissible to use scholarship money from the bank?
Question
I am a student.would you tell me please whether the money of the scholarship that bank provides is halal or not?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In order for us to answer your query, please explain to us what you mean by a scholarship from the bank? Is it a loan? How does it work? You may forward your answers to admin@daruliftaa.net.
And Allah Ta’āla Knows Best
Muhammad Haris Siddiqui
Student Darul Iftaa
Melbourne, Australia
Checked and Approved by,
Mufti Ebrahim Desai.