Cameron launches Shari’ah compliant student loans

29th Nov 2013

Cameron launches Shari ah complaint student loans
PM David Cameron speaking at the Eid Reception

Ahmed J Versi

Prime Minister, David Cameron, launched interest free start-up and student loans during Eid Al Adha celebrations at Downing Street on October 21.

Speaking at the Eid reception Cameron said: “I want Britain to be one of the world’s centres of Islamic finance – from the highest and mightiest financial institutions all the way to start ups. We’ve got tens of thousands of young people starting their own businesses and tonight I can announce that we will make sure that there is a type of start up loan that is totally consistent with all the principles of Islamic finance. We must do that for start up loans, we must do that for students’ loans and we must do it for the enterprise allowance. That’s what a welcoming, tolerant, multi-racial country does.”

Cameron praised Muslim contributions to the society. “What a fantastic contribution Muslims make to our country. We also want to celebrate everything the Muslim community here in Britain is and does. But tonight is also an opportunity to talk about the issues of integration, of how we help Muslims around the world and the importance of faith in our country and in our communities and the Muslim faith is so strong in that,” he said.

Prime Minister told the mainly Muslims of Pakistani origin that faith was important, “not because people without faith can’t be generous and good citizens; of course they can. But faith is a tremendous help, it’s a tremendous guide. It gives us ways to think about how we put back.”

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