British Muslims growing impatient for government to fulfil Islamic student loan promise
The British government continues to kick the can down the road amid renewed calls to introduce a Shariah-compliant alternative to interest-bearing loans for university students.
Eight years after the then prime minister, David Cameron, pledged to introduce a means for students to source money for college fees and living expenses without paying interest on their borrowings, ministers are still unable to commit to the timing of its introduction.
This is despite there being a ready-made mechanism commissioned some time ago by the Department for Education (DfE) that is said by its modeller to be fully Shariah-compliant, equivalent in every way to the established system and straightforward to implement.
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