An islamic student loan is a credit faciliy proposed through institutional lenders under islamic law in favour of people who pursuing studies at the university and who wish to comply with islamic finance.
An islamic student loan is dedicated to help muslim students from the islamic world to obtain a financial assistance for the expenses related to living, purchase of books and housing by respecting the principles of the islamic Charia.
A muslim student grant is proposed by several islamic organisations who are encouraging muslim students to rely on such halal help particularly in case of absence of scholarship.
An islamic student loan is also represented through aTakaful student which is alternative solution to the conventional financing of studies for muslim students who are not prepared to take on interest-bearing loans.
Islamic finance for a student presents the double advantage in giving access to young Muslim and young Muslima to access to a good education at the university by being at the same time Sharia compliant.