Department For Education Tender Result

Project_8769 ASF Sharia Secretariat Supervisory Board con_26061-In April 2014, the DfE launched a consultation which sought views on the acceptability of a Sharia-compliant alternative student finance (ASF) product. Following a positive response to the proposal, the Government committed to the introduction of an ASF product, using the Islamic finance principle of 'Takaful' to provide a form of group-based mutual support. The Government has since legislated to make a system of ASF possible, when the power for this was taken in the Higher Educatio...