the Halal Jihadist (HalalJihadist@gmail.com)

The article below speaks to how some US Universities are extending to students a risk sharing loan program as an alternative to interest bearing student loans. The structure is Islamic, more so than many of the "sharia compliant bonds".  The concept is a pure risk sharing model and a great foundation for a true Islamic loan.  "Fair" is paramount in Islamic finance, so expect a degree of variance in loan programs as some unscrupulous lender looks to take advantage of a students. As a community, would not a fund developed to finance student fees based on a similar model be beneficial to our local Umahs? Source:  https://www.bnnbloomberg.ca/businessweek/u-s-college-grads-sell-stakes-in-themselves-to-wall-street-1.1241543 U.S. college grads sell stakes in themselves to Wall Street Claire Boston ,  Bloomberg News Amy Wroblewski , Maura Friedman for Bloomberg Businessweek (Bloomberg Businessweek) -...