Excerpt:

David Ward, MP for Bradford East, has welcomed the Government's announcement that it is consulting on the proposals for an alternative student finance product to ensure all young Muslim students have the opportunity to go to university.

The Department of Business and Skills is consulting on the feasibility of proposals to introduce a Sharia compliant form of student financing.

Since 2011, the Government has been working with experts in Sharia-compliant finance to develop a model alternative student finance product based on the principles of Islamic finance, which would be compliant with Sharia law and has identical repayments to the conventional student loan system.


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