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The Minister of State, Department for Education (Baroness Smith of Malvern) (Lab)

Speaking in the House of Lords on 13 November 2024

Debate

Sharia-compliant Student Finance

Contribution

My Lords, we are committed to delivering an alternative student finance product that is compatible with Islamic finance principles as quickly as we can. We are making good progress to achieve this. This month we are reconvening the alternative student finance working group for its first meeting since the election, which I am grateful to the noble Lord for being part of. We have also appointed a secretariat to take forward the sharia certification of the product.

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