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Canada: Islamic financing takes step forward

Posted on 14 April 2010

From Mortgagebrokernews.ca: It looks as if the Canadian market is making way for Islamic Finance, an issue being explored since earlier this year. Global bankers, politicians and lawyers recently gathered at the Usury Free Association of North America (UFANA) to discuss the issue.

The two-day conference, held in downtown Toronto last week, saw big-name attendees as senior representatives from four of the big five Canadian banks were present, as well as representatives from the Ontario Ministry of Finance and the Federal Ministry of Finance, all of whom are busy preparing internal reports focusing on the potential of this alternative financing…………………………………Full Article: Source

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