Linked below is an extensive explanation of the impermissibility of interest-based student loans for Muslims. The most interesting part of the article is its completely false explanation of interest: When a lender demands more from the borrower than what was borrowed, the difference in what is lent and repaid is known as the interest. This […]
British Ministry Seeks Input on Shariah-Compliant Student Loans
On April 15, 2014 · In Britain, Countries, Interest, Sharia Compliant, Shariah Finance, student loans
A new model for Shariah-compliant student loans has been unveiled recently by British Universities and Science Minister David Willetts. The UK government is seeking feedback from current and prospective students… https://www.gov.uk/government/news/new-loans-to-help-muslim-students-go-to-university
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