Nearly $2-million in gold, stakes in more than 160 homes, and perhaps the reputation of Canada’s emerging “shariah-compliant” loan industry are on the line in a sensational Toronto court case. At the crux of the issue is the emergence of Islamic financing in Canada.

A small percentage of the country’s one-million-strong Muslim population believes The Koran forbids them taking part in any kind of interest-bearing deal. Since big banks are off limits, they turn to lenders who specialize in workarounds…………………………………….Full Article: Source