Otherwise known as "The UK Is Screwed".
"Muslim students are to be offered Sharia-compliant interest free loans by the government in an attempt to get more Islamic pupils to go to university."
And what could possibly be wrong with that?
"The new loans will operate under the Sharia model of ‘Takaful’, a form of Islamic insurance where people contribute money into a pool system to guarantee other members against loss or damage.
The government worked with Islamic financial experts to come up with the product, working under the criteria that the repayments and debt levels must be identical to a traditional loan, ensuring that students who took up the alternative scheme would end up no better or worse off than others."
