Submitted on Sunday 17th January 2016
Published on Monday 18th January 2016
Current status: Closed
Closed: Monday 18th July 2016
Signatures: 30
Tagged with
Introduce Sharia-compliant student finance for Muslim students
Current student loans are inaccessible to Muslims, who follow Sharia, which forbids paying interest on loans. A system as proposed by the consultation detailed below would make accessing University a reality for Muslim students, and would result in a more representative student body.
The Liberal Democrat-Conservative coalition launched a consultation on Sharia-compliant student finance in 2014. The final part of the conclusion is as follows:
" However, in light of the positive response to the proposals in the consultation, the Government supports the introduction of a
Sharia-compliant Takaful Alternative Finance product available to everyone and will work on its
development."
(https://www.gov.uk/government/consultations/sharia-compliant-student-finance)
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