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FRONT PAGE  |  5/4/2015
SATURDAY, APR 12, 2014  |  5 comments
Sharia-compliant student loans considered by Govt

Students could in future apply for a Sharia-compliant university loan, under plans being considered by the Government.

Under Sharia law, all forms of interest are banned. However, the Government scheme would allow Muslim students to repay the money they owe into a common account.

Other Islamic students would then use the mutual pool to fund their studies.


CLICK HERE to Read Entire Article
www.christian.org.uk

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· Page 1 ·  Found: 5 user comment(s)
News Item4/13/14 7:15 PM
penny  Find all comments by penny
brilliant, the Muslems want to create a usery free system for their own, that is compliant with Old Testament teaching, while the Christians defend burdening students with loans significant numbers will not pay off till their 50's... as a sound money system.
5

News Item4/13/14 6:30 PM
R. K. Borill | Baton Rouge, Louisiana  Protected NameFind all comments by R. K. Borill
If this goes through, then this is indeed the end of the US. This is more than just school loans involved here. If we can't see it we are indeed blind. This is the foothold for a Sharia law to start eroding and overshadowing The US Constitution.
4

News Item4/13/14 4:44 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
If you read Daniel Pipes article, you would have your knowledge that there is no free lunch, and their are no free loans either. Commission and service fees are thinly veiled interest payments. But I would say one has to wonder who is going to pay these fees/interest?
3

News Item4/13/14 12:09 AM
Stevenr | Missouri  Contact via emailFind all comments by Stevenr
So basically, if I get it, Non-Islamic students have to pay interest, but Islamic students will be able to access interest free ones the government is going to set up in partnership with Islamic funding.
That's..... Equal.
(That was sarcasm)
2

News Item4/12/14 4:05 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
One wonders if there is such a thing as Islamic Economics: What Does It Mean?
1
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