Is taking a bank loan for my son's education lawful? Asalam alaykom My question is about taking a bank loan in order to enroll my son in a college, and are there specifications for the loan? I would also like to ask about the use of credit cards (such as MasterCard) what are the Islamic limits in using them? Thanks Answer - It is permissible to use credit cards provided one pays before subjecting himself to the interests due on late payment. It is permissible to take a loan for education based on mutual agreement between you and the bank. - As for taking a personal loan, it is permissible based on necessity.