From Canadianbusiness.com: Islamic finance is based in part on the notion that βthe simple lending of money is not entitled to earn a profit,β according to University of Toronto law professor Mohammed Fadal. But if interest is proscribed, there are other basic instruments β such as credit sales, forward sales, and leases β 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