UK: Sharia-Compliant Student Loans?
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 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 London Stock Exchange will be launching a new Islamic bond index in an effort to establish the City of London as one of the world’s leading centers of Islamic finance.
A British firm has launched a Sharia-compliant pension fund that will enable Muslims to save for retirement in compliance with Islamic principles, and the British government will begin offering Muslim workers Sharia-compliant pensions as of 2012.