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Financial Institutions - Sharia-compliant financing

Financial Institutions

Quick facts

Institution

Financial Institutions

Program

Sharia-compliant financing

About this Not Relevant

General Description

Financial Institutions offer Sharia-compliant financing to Muslim students who find commercial rate loans unacceptable. They guarantee that the money they offer was not, and never will be, invested in industries such as gambling, alcohol or weapons manufacturing.

Requirements

These loans are optional. If a student plans to apply for money from the Access to Learning Fund, or a bank loan, it might be necessary to apply for this kind of financing first.