Muslim students could be forced to abandon hopes of a university place under the new fees and loans regime which will come into place next year.
And so this policy is ‘discriminatory’. Of course…
The Government’s plan to increase tuition fees and implement higher rates of interest on loans means many young Muslims will be deterred from applying to university until a scheme is put in place that allows them to finance their degrees in a way that complies with Islamic law.
So, put a scheme in place, and quit whining!
A spokesman for the Federation of Student Islamic Societies (FOSIS) called the rate increase a “pressing issue”.”Under Islamic law interest is seen as something that is prohibited,” he said.
“Previously, the interest was at the market rate of inflation. The problem now is that the interest is above the market rate. Because the rate of interest is above the rate of inflation, it is quite blatant usury.”
Too bad. That’s the dilemma of being religious, either break the rules and make an accommodation with your god or your conscience, or obey the rules and go without something.
The FOSIS said it was working with the NUS to formulate a solution. One idea being considered is a new kind of loan scheme which could see education “rented” in a similar manner to Islamic mortgages, where banks buy properties and then lease them to the customer in a rental agreement.
Change is not likely to be quick, however, and in the meantime university will be unattainable for some Muslim young people who are unable to turn to family or friends for funding.
Life is full of choices. This is one.
Sympathy: *not found*