UK Universities Announce 'Interest-Free' Sharia Loans for Muslim Students

‌https://www.telegraph.co.uk/news/2026/11/10/islam-two-tier-taxpayers-student-loans/?ICID=continue_without_subscribing_reg_first&icid=login_test-login_success-password
University College London (UCL) is already one of the universities implementing Sharia-compliant loan products for students.
Other UK universities are announcing "interest-free" Sharia student loans targeting Muslim students.
These loans will be available as early as next year, and the repayments will be used to support students utilizing other Muslim student financial aid programs.
Islamic law prohibits the exchange of interest, and while the new system is designed to help more Muslim students enter university, it remains open to everyone.
University College London (UCL) and City St George's, University of London are informing applicants that the loans "do not accrue interest." Newcastle University described the loans as "interest-free" and "Sharia-compliant finance."
Opponents have warned that this could create a "two-tier system" that may lead to division.