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446677

	registered interest
	date	21/01/2016
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Students: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what estimate they have made of the number of Muslim students who have been unable to progress to higher education because their religious principles do not permit them to take out an interest-bearing student loan.
	tabling member printed	Lord Sharkey
	uin	HL5333
	answer	answer is ministerial correction date of answer 01/02/2016 answer text <p>The Government consulted in April 2014 on an Alternative Finance product that could be offered to students alongside traditional loans. 20,000 responses were received with 94 per cent believing there is a demand for Alternative Finance.</p><p> </p><p>The Government is working on the development of a Takaful Alternative Finance product and as part of this will be working with the Muslim community and others to understand the likely take-up of the product.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Baroness Evans of Bowes Park question first answered 01/02/2016 17:02:24 answering member 4329 label Biography information for Baroness Evans of Bowes Park
	tabling member	4196 label Biography information for Lord Sharkey

446676

	registered interest
	date	21/01/2016
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Students: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what help and advice is available to Muslim students who wish to progress to higher education but for whom an interest-bearing student loan would be a violation of their religious principles, and where that help and advice can be accessed.
	tabling member printed	Lord Sharkey
	uin	HL5332
	answer	answer is ministerial correction date of answer 29/01/2016 answer text <p>The Government is aware that some students, whose religious beliefs may prevent the taking out of a loan that bears interest, may feel unable to take advantage of student loans. In April 2014 BIS conducted a consultation on an alternative finance product for undergraduate students. Upon review of consultation responses, the Government supported the introduction of a Takaful Alternative Finance product available to everyone. This work is ongoing and subject to Parliamentary approval, the Government hopes to introduce the system through new legislation.</p><br /><p>All students can access advice and guidance on the financial support available to them from Student Finance England on the link below:</p><p><a href="https://www.gov.uk/contact-student-finance-england" target="_blank">https://www.gov.uk/contact-student-finance-england</a></p><br /> <br /> answering member printed Baroness Evans of Bowes Park question first answered 29/01/2016 12:59:16 answering member 4329 label Biography information for Baroness Evans of Bowes Park
	tabling member	4196 label Biography information for Lord Sharkey