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Khums on Student Loan

Q:

Salaamun alykum, I hope you are well inshA. I was calculating my khums and was wondering about the following: I get a maintenance grant as student loan that is only partially used by the end of each term. I have to pay back all of this after I complete my University course. Therefore, would khums apply (if at all) to my account including the government loan or only on my personal savings excluding the loan?

Please advise.

Thanks, Khudayja

A:

Salamun Alaykum

If there is some money from the loan remaining at the khums date you could repay that part of the loan. Otherwise, it is considered as a saving and liable to khums.

Kind regards

Abbas Jaffer