Loan Dilemma for Muslim Students in the UK

22.08.2011

In light of changes to the tuition and student loan system in the UK, which lead to higher tuition fees and interest rates on loans, Muslim student groups are calling for a separate student loan system, as paying interest conflicts with some interpretations of Islamic (Sharia) law. This conflict may prevent some Muslims from applying for university – unless a scheme is in place allowing them to finance their studies in a way that is compatible with Islamic law. As the Independent reports, the Federation of Student Islamic Societies (FOSIS) called the interest rate increase was a “pressing issue”. The Department of Business, Innovation and Skills is currently negotiating with student groups. However, so far, it is uncertain how this issue will be resolved.