| From IsraelNN.com: Shariah-compliant mortgage banking, in accordance with Islamic religious law, may soon become a reality in Canada, according to a report published Wednesday by the Canada Mortgage and Housing Corporation (CMHC).
The law firm Gowling, Lafleur Henderson LLP, which prepared the report, said it found no legal obstacle to the practice. It added that “given the growth of Islamic financing internationally, it can be expected that international harmonization of IF accounting and reporting... will occur in due course.”.....................................Full Article: Source
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