Committee authorizes RFP to study whether GET can meet Islamic (Sharia) investment principles
The committee approved staff's request to issue an RFP for consultants to evaluate whether the GET prepaid tuition program could align with Islamic investment principles; staff estimated a 4–6 month study with an award target in mid-November.
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The WA529 committee authorized staff to issue a request for proposals to assess whether the GET prepaid‑tuition program could be considered consistent with Islamic (Sharia) investment principles. Luke Minor, senior director for postsecondary affordability, summarized the background: the committee had received an inquiry about halal or Sharia‑compliant investment options, staff issued an RFI and received three responses, and staff now recommend a consultant-led analysis of GET's legal structure, operations and investment characteristics.
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