British Muslim groups calling for a separate loan system created for Muslim students,because the present system containing usury.
Next year,England will raise the money cost of education at the college level. As a result,interest to be paid by students who take student loans go up.
For Muslim students who financed his education through student loans, has been paying installments to keep abreast of the prevailing interest rate. With the rising cost of education in the next year, so for those who took loans of more than 21,000 pounds must pay interest of up to 3%,or higher than the inflation rate in the market.
As set forth in Islam, there is interest in student loan system that contain riba is haraam.
According to the National Union of Students (NUS), to prepare an alternative system as requested Muslim students, it takes at least two years. This means no time is wasted for them,if you have to wait for the system is realized.
A spokesman for the Federation of Student Islamic Societies (FOSIS) told The Independent (22 / 8) said,the interest rate specified in the current system could be the case,because above the inflation rate.Thus,it clearly is usury.
Caused usury in student loans that Mohammad Ahmed-Sheikh thinking to continue their education to university next year. "I am Muslim and (interest) loan against my religious beliefs," said the 17-year-old boy.
While Ahmad Mitoubsi sounds tend to surrender to the state. "We must adjust to the English system,otherwise I can not continue to university," said 21 year-old boy, who just graduated from Durham University in July.
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