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Is it permissible to use scholarship money from the bank?

Answered as per Hanafi Fiqh by Askimam.org

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.

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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