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UK: Sharia-Compliant Student Loans?
by Soeren Kern
The British government has launched a public consultation on whether or not to introduce student loans that are compliant with Islamic Sharia law, which forbids loans that involve the payment of interest.
The move to seek input from the general public comes amid rising complaints from Muslim students, who argue that the existing interest-based student loan system is unfairly forcing them to choose between getting a university degree and staying true to their religious beliefs.
The government says the establishment of a scheme that would enable Muslim students to finance their degrees in a way that complies with Islamic principles would "ensure that anyone with the ability and desire can go to university."
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