Notice Information
Notice Title
project_8769 - ASF Sharia Supervisory Board Secretariat
Notice Description
DEPARTMENT FOR EDUCATION: ALTERNATIVE STUDENT FINANCE (ASF) SHARIA SUPERVISORY BOARD SECRETARIAT In April 2014, the DfE launched a consultation which sought views on the acceptability of a Sharia-compliant alternative student finance (ASF) product. Following a positive response to the proposal, the Government committed to the introduction of an ASF product, using the Islamic finance principle of 'Takaful' to provide a form of group based mutual support. The Government has since legislated to make a system of ASF possible, when the power for this was taken in the Higher Education and Research Act 2017 and has worked with specialist advisers on the development of an ASF model. Alongside this, the Government has been reforming the student finance system to put it on a sustainable footing for the long term and is introducing the Lifelong Learning Entitlement (LLE), that will significantly change the ways students can access learning and financial support. In March 2023, as part of the LLE consultation response, the DfE committed to delivering ASF as soon as possible after the introduction of the LLE. In August 2023, the Student Loans Company (SLC) started work on understanding the timescales for delivering an ASF product and, to support this, are being provided with specialist advice by Islamic finance experts. Before launch, the ASF product will need to pass a comprehensive Sharia assurance process, in line with Islamic finance industry norms. The DfE is seeking to appoint a Sharia secretariat who will oversee this process. For more details, please refer to the EOI document enclosed. Pleaser respond to the EOI via the jaggaer link: https://education.app.jaggaer.com/esop/guest/go/opportunity/detail?opportunityId=57364
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/b0e8e346-a765-4780-9b24-49dd49454de5
- Current Stage
- Planning
- All Stages
- Planning
Procurement Classification
- Notice Type
- Planned Procurement Notice
- Procurement Type
- Standard
- Procurement Category
- Not specified
- Procurement Method
- Not Specified
- Procurement Method Details
- Not specified
- Tender Suitability
- SME, VCSE
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79400000 - Business and management consultancy and related services
79900000 - Miscellaneous business and business-related services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Nov 20232 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 20 Dec 2023Expired
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Planning
- Lots Status
- Not Specified
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- DEPARTMENT FOR EDUCATION
- Contact Name
- Suki Chan
- Contact Email
- suki.chan@education.gov.uk
- Contact Phone
- 07920 560 128
Buyer Location
- Locality
- MANCHESTER
- Postcode
- M1 2WD
- Post Town
- Manchester
- Country
- England
-
- Major Region (ITL 1)
- TLD North West (England)
- Basic Region (ITL 2)
- TLD3 Greater Manchester
- Small Region (ITL 3)
- TLD33 Manchester
- Delivery Location
- Not specified
-
- Local Authority
- Manchester
- Electoral Ward
- Piccadilly
- Westminster Constituency
- Manchester Central
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/b0e8e346-a765-4780-9b24-49dd49454de5
23rd November 2023 - Early engagement notice on Contracts Finder -
https://education.app.jaggaer.com/esop/toolkit/opportunity/current/57364/detail.si
Please register your interest and respond to the EOI via the Jaggaer published opportunities page. many thanks.
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.
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