Q. Please can you advise as to the shariah permissibility of the Takaful model the government wishes to introduce as alternative finance for funding university tuition fees? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A. The tentative opinion of Al-Qalam Panel is that an amended version of the Takāful model proposed in the BIS consultation […]
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What is the current status of the Shari’ah compliant student finance that was expected to be introduced by 2016?
The government indicated that it expected to implement an alternative (Shari’ah compliant) student finance scheme by 2016, following its consultation published in September 2014. The government has since revised its expectations for delivering any such scheme to 2018 at the earliest, details of this confirmation can be found in the recent white paper, entitled ‘Higher […]
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