Only in the UK.

Via HuffPo:

The government is planning to introduce student loans which will be compliant with Sharia law in order to encourage more Muslims to attend university.

Concerns are bound to be raised as to whether they will end up paying less in tuition fees than non-Muslim students, who will continue to pay back their loans with interest.

Sharia law forbids Muslims from taking out loans that generate interest, and the new system is to be based on the Takaful structure adopted in Islamic finance. Takaful is a co-operative system of reimbursement which allows a group of people to provide financial assistance to each other.

The department for business, innovation and skills (BIS) released a document setting out the new proposal, which insisted both groups of students would be treated the same.

“The principles of Sharia law recognise the value of money over time. Given the long period over which most students would make repayments into the fund, the total contribution they would be obligated to make would be based on a benchmark.