Information between 6th September 2023 - 12th June 2024
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| Parliamentary Debates |
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Leasehold and Freehold Reform Bill
91 speeches (20,330 words) Committee stage Monday 22nd April 2024 - Lords Chamber Department for Levelling Up, Housing & Communities Mentions: 1: Baroness Scott of Bybrook (Con - Life peer) Equally, we cannot say that the use of home purchase plans—including, for example, through use of Islamic - Link to Speech |
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Lifelong Learning (Higher Education Fee Limits) Bill
7 speeches (1,021 words) 3rd reading Tuesday 12th September 2023 - Lords Chamber Department for Education Mentions: 1: None the Government remain committed to delivering an alternative student finance product compatible with Islamic - Link to Speech |
| Select Committee Documents |
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Wednesday 25th October 2023
Oral Evidence - Foreign Commonwealth and Development Office, and Foreign Commonwealth and Development Office International Relations and Defence Committee Found: I am chairman of the Centre for Islamic Finance at the University of Bolton, and I was instrumental |
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Wednesday 25th October 2023
Oral Evidence - Foreign Commonwealth and Development Office, and Foreign Commonwealth and Development Office International Relations and Defence Committee Found: I am chairman of the Centre for Islamic Finance at the University of Bolton, and I was instrumental |
| Written Answers |
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Students: Loans
Asked by: Baroness Thomas of Winchester (Liberal Democrat - Life peer) Tuesday 12th December 2023 Question to the Department for Education: To ask His Majesty's Government what progress they are making towards Sharia-compliant student loans. Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education) The government is committed to delivering an Alternative Student Finance (ASF) product compatible with Islamic finance principles as quickly as operationally possible. To support the delivery of an ASF product, the government took new powers in the Higher Education and Research Act 2017 to enable my right hon. Friend, the Secretary of State for Education, to provide alternative payments for students to pay for tuition fees, in addition to grants and loans. The department has also carried out work with specialist advisers, the Islamic Finance Council UK (UKIFC), on the design of an ASF model.
The government is introducing the Lifelong Learning Entitlement (LLE), which will significantly change the ways students can access learning and financial support. In response to the LLE consultation, published on 7 March 2023, the department set out aims to ensure that students will be able to access ASF as soon as possible after the introduction of the LLE.
Work is underway to assess how ASF can be delivered as a product. The Islamic Finance Council UK (UKIFC) has been reappointed to support work on ASF. Furthermore, the department is also working with the Student Loans Company (SLC) to better understand timescales for delivering an ASF product.
Further information about how to develop the ASF product can be found in a blog post on ASF, and a further update on ASF will be provided later this month. The blog is available at: https://educationhub.blog.gov.uk/2023/07/21/alternative-student-finance-how-were-making-student-finance-accessible-to-everyone/. |
| Department Publications - Transparency |
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Wednesday 6th March 2024
HM Treasury Source Page: Debt Management Report 2024-25 Document: Debt Management Report 2024-25 (PDF) Found: 2.25 Sukuk are financial certificates, similar to bonds, but which comply with the principles of Islamic |
| Department Publications - Policy and Engagement |
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Tuesday 16th January 2024
HM Treasury Source Page: Tax Simplification for Alternative Finance Document: Tax Simplification for Alternative Finance: Consultation (PDF) Found: The Islamic finance industry forms part of a globally competitive financial services regime. |
| Department Publications - Policy paper |
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Wednesday 6th December 2023
Department for Levelling Up, Housing & Communities Source Page: Consultation impact assessment - modern leasehold: restricting ground rent for existing leases Document: Consultation impact assessment - modern leasehold: restricting ground rent for existing leases (PDF) Found: purchase financial products that rely upon rent to operate as a route to purchase a home, such as Islamic |
| Non-Departmental Publications - Transparency |
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Mar. 06 2024
UK Debt Management Office Source Page: Debt Management Report 2024-25 Document: Debt Management Report 2024-25 (PDF) Transparency Found: 2.25 Sukuk are financial certificates, similar to bonds, but which comply with the principles of Islamic |
| Non-Departmental Publications - Open consultation |
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Jan. 16 2024
HM Revenue & Customs Source Page: Tax Simplification for Alternative Finance Document: Tax Simplification for Alternative Finance: Consultation (PDF) Open consultation Found: The Islamic finance industry forms part of a globally competitive financial services regime. |
| Scottish Government Publications |
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Thursday 4th April 2024
Energy and Climate Change Directorate Source Page: First Minister and Net Zero Secretary attendance at Cop28 in the United Arab Emirates: FOI release Document: FOI 202400401966 - Information Released - Document (PDF) Found: bin Khalid Al Thani (Qatar Royal Family), • Tan Sri Azman Mokhtar (Malaysia – a prominent figure in Islamic |
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S6W-24900
Asked by: Lennon, Monica (Scottish Labour - Central Scotland) Tuesday 6th February 2024 Question To ask the Scottish Government which (a) companies and (b) non-governmental organisations were invited to the St Andrew’s Day reception that it hosted during COP28 in Dubai. Answered by Gray, Neil - Cabinet Secretary for NHS Recovery, Health and Social Care The following list of companies and organisations were invited to the St Andrew’s Day reception during COP28 in December 2023:
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