From Canadianbusiness.com: Islamic finance is based in part on the notion that “the simple lending of money is not entitled to earn a profit,” according to University of Toronto law professor Mohammed Fadal. But if interest is proscribed, there are other basic instruments — such as credit sales, forward sales, and leases — which allow capital providers to earn a return on their investment.
The potential payoff for a Canadian business class versed in the tenets of Islamic finance is huge……………………………………….Full Article: Source