Apr. 29 2024
Source Page: Payments to the Scottish Islamic Foundation in 2008 between Feb and May: FOI releaseFound: Payments to the Scottish Islamic Foundation in 2008 between Feb and May: FOI release
Dec. 22 2023
Source Page: Letter dated 14/12/2023 from Baroness Barran to colleagues regarding an update on Alternative Student Finance (ASF). 2p.Found: Letter dated 14/12/2023 from Baroness Barran to colleagues regarding an update on Alternative Student Finance
Asked by: Baroness Thomas of Winchester (Liberal Democrat - Life peer)
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/.
Mentions:
1: Margaret Hodge (Lab - Barking) At their heart is the IRGC, Iran’s Islamic Revolutionary Guard Corps. - Speech Link
2: Margaret Hodge (Lab - Barking) That includes those who finance or are associated with Iran’s hostile activities, as well as any entities - Speech Link
3: Jim Shannon (DUP - Strangford) That particular type of movement of oil is dangerous not only because of the finance it generates but - Speech Link
4: Jim Shannon (DUP - Strangford) terrorism operated by Hamas, Iran and others whose intentions are pure evil.A judge ruled that the finance - Speech Link
5: Nusrat Ghani (Con - Wealden) Solid points were made about Islamic centres and the Charity Commission. - Speech Link
Jan. 03 2024
Source Page: UK Export Finance backs Six Flags Qiddiya City deal in win for UK businessesFound: UK Export Finance backs Six Flags Qiddiya City deal in win for UK businesses
Mar. 27 2024
Source Page: New sanctions on persons linked to Hamas-supporting media networkFound: of providing financial support for Gaza Now – a news agency that promotes the Hamas and Palestinian Islamic
Mar. 27 2024
Source Page: New sanctions on persons linked to Hamas-supporting media networkFound: of providing financial support for Gaza Now – a news agency that promotes the Hamas and Palestinian Islamic
Jan. 16 2024
Source Page: Tax Simplification for Alternative FinanceFound: Tax Simplification for Alternative Finance
Jan. 16 2024
Source Page: Tax Simplification for Alternative FinanceFound: Tax Simplification for Alternative Finance
Mentions:
1: Bob Blackman (Con - Harrow East) by reports of threats made to Iranian dissidents in the UK; urges the Government to include Iran’s Islamic - Speech Link
2: Bob Blackman (Con - Harrow East) by reports of threats made to Iranian dissidents in the UK; urges the Government to include Iran’s Islamic - Speech Link
3: Jim Shannon (DUP - Strangford) highlight the danger that Iran poses to peace in the middle east: it supplies the Houthis with aid and finance - Speech Link
4: Wayne David (Lab - Caerphilly) September 2022 occurred in police custody after she had been arrested for not complying with strict Islamic - Speech Link