UK: government to offer Muslim students Sharia-friendly loans

shariah-friendly-loans

Sourcebritainfirst.org/

Muslim students are to be offered Sharia-compliant interest free loans by the government in an attempt to get more Islamic pupils to go to university.

Since tuition fees were increased in September 2012, many Muslim students have been put off continuing their education as it was expected the loans, which are paid back above the rate of inflation, would be used to cover the rising costs, contrary to their beliefs.

Following a four-month consultation, a new Sharia-friendly model which involves Muslim students paying a donation into a pool system instead of paying interest has been produced by the Department for Business Innovation & Skills (BIS).

The alternative scheme is expected to be introduced within the next three years, but BIS has denied it will pave the way for compliance with Sharia in a wider sense, saying:

‘Sharia has no jurisdiction in England and Wales and the Government has no intention to change this position.’

It also confirmed that students taking out the loans will pay back exactly the same amount as those who use the traditional scheme, essentially making a charitable donation rather than paying back interest.

About Akhi Soufyan

If you see goodness from me, then that goodness is from The Creator. You should be thankful to The Creator for all of that. Cause I'm not the architect of that. I'm only the...the recipient. If you see weakness or shortcoming in me it's from my own weakness or shortcoming. And I ask The Creator and the people to forgive me for that. _______________________________ Website eigenaar voor een betere wereld en doel, niet gericht op verdiensten van geld maar goede daden. In de naam van Allah, de Barmhartige. Als je goedheid van mij ziet, dan is dat de goedheid van de Schepper (God). Wees De Schepper dankbaar voor dat. Want ik ben daar niet de architect van, ik ben alleen de ontvanger.

Posted on September 12, 2014, in NEWS and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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