Closed petition Sharia Compliant Student Loans for Muslim Students going to further education
Parliament should ensure that a Sharia Compliant Student loan is available for Muslim students who are unable to use the government's student loan scheme, due to the fact that their religion prevents them from paying interest. It should be implemented as soon as possible.
More details
In April 2014 the government had said that they are willing to create a Student loan that is compliant with Sharia law. So far, it's been about 6 years and there hasn't been any progress or update whatsoever on what is going to happen. The government should make education available for everyone, any race, religion etc, so that, in this scenario, muslims also get an equal chance at further education
This petition is closed All petitions run for 6 months
Government responded
This response was given on 26 January 2021
The Government will provide an update on the Alternative Student Finance product, including how this applies to students going to further education, in due course.
Read the response in full
The Government consulted on the topic in 2014 and secured the necessary primary legislation in the Higher Education and Research Act 2017. Since then, we have appointed specialist advisers in Islamic finance to advise us on the design and implementation of a suitable product. We have been working through the complex range of policy, legal and system issues that need to be resolved, in order for us to develop and eventually launch a Sharia-compliant alternative student finance product.
The Government is committed to ensuring that all students with the potential to benefit from further and higher education are able to access it.
The Government will provide a further update on the ASF product in due course.
Updates will be provided on https://www.gov.uk/government/organisations/department-for-education
Department of Education
Related activity
MPs debate Sharia-compliant student finance
MPs debated the availability of sharia-compliant student finance for Muslim students in higher education - also known as Alternative Student Finance - on Thursday 15 July in the main House of Commons chamber.
This was an adjournment debate. Adjournment debates are half-hour debates at the end of each day's sitting. They are an opportunity for an individual backbench MP to raise an issue and receive a response from the relevant Minister, however they do not end in a vote nor can they change the law.
Watch the debate back:
https://parliamentlive.tv/event/index/b611720b-8a2d-42e0-818d-d4edeca33cd7?in=17:00:24
Read a transcript of the debate:
https://hansard.parliament.uk/commons/2021-07-15/debates/FAADFF82-0D13-4077-B5DE-01D463B88EF6/AlternativeStudentFinance
Find out more about how adjournment debates work:
https://www.parliament.uk/about/how/business/debates/adjournment/