--- title: "project_8769 - ASF Sharia Supervisory Board Secretariat" ocid: "ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b.json" source: "Contracts Finder" current_stage: "Planning" buyer: "DEPARTMENT FOR EDUCATION" published: "2023-11-23" --- # project_8769 - ASF Sharia Supervisory Board Secretariat Buyer: DEPARTMENT FOR EDUCATION Current stage: Planning OCID: ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b.json) ## Summary The Department for Education is initiating a tender process for the project titled "ASF Sharia Supervisory Board Secretariat" within the business and management consultancy and related services industry category. The tender is currently in the planning stage, with an engagement end date set for December 20, 2023. The buying organization is located at Piccadilly Gate, Store Street, Manchester, England. The aim of this procurement is to appoint a Sharia secretariat to oversee the process of introducing a Sharia-compliant alternative student finance (ASF) product. This tender presents a lucrative opportunity for businesses specializing in business management consultancy and related services in the United Kingdom. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are particularly suitable for this tender. Businesses interested in contributing to the development and implementation of the ASF product in alignment with Islamic finance principles should consider participating in this tender to support the Department for Education's strategic objectives. ## Notice 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 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b0e8e346-a765-4780-9b24-49dd49454de5 | | 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 | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Nov 2023 | | Submission deadline | Not specified | | Future notice date | 20 Dec 2023 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR EDUCATION | | Locality | MANCHESTER | | Post town | Manchester | | Postcode | M1 2WD | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD3 Greater Manchester | | ITL 3 | TLD33 Manchester | | Local authority | Manchester | | Electoral ward | Piccadilly | | Westminster constituency | Manchester Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79400000 - Business and management consultancy and related services - 79900000 - Miscellaneous business and business-related services ## Release History - 23 Nov 2023 at 12:36 - Planning - Planned Procurement Notice - https://www.contractsfinder.service.gov.uk/Notice/b0e8e346-a765-4780-9b24-49dd49454de5 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/b0e8e346-a765-4780-9b24-49dd49454de5 23rd November 2023 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d464384d-7edc-4aa2-9f47-1203734ae52d - 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. ## Notice URLs - https://education.app.jaggaer.com/esop/guest/go/opportunity/detail?opportunityId=57364 ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c6ee75dd-de54-48d5-a63d-3166989c2d0b.json.