Wealth Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Wealth Professional | 04 Dec 2015, 09:56 AM Agree 0
Canada as the Islamic finance hub of North America? Could be huge for wealth professionals
  • Tony Battista | 04 Dec 2015, 11:45 AM Agree 0
    Why should Muslims be treated differently from other Canadians or other immigrants?
    What Sharia and religion has to do with a mortgage or an investment in this country?
    In Canada finances are running parallel to the western world, why should be a modification for muslims? Integration would be a better proposal.
  • Finance pro | 09 Jan 2016, 12:06 PM Agree 0
    Islamic finance options should merely be viewed as another category of financial products. For example, there are mortgage products (or general credit products) available for individuals with low credit, similarly Shariah compliant mortgages are merely credit products that appeal to persons seeking credit options that abide specific criteria. In the case of individuals with low credit the criteria is a mortgage product suitable for that kind of risk, in the case of Shariah compliant mortgages the criterion happen to be associated with religion.

    Offering of Islamic finance products is a good barometer of economic integration if the Islamic community into out capitalist system. Freddie Mac and Fannie Mae have been offering Shariah compliant mortgages for decades now.
  • Tony Battista | 12 Jan 2016, 01:34 PM Agree 0
    This Sharia compliant business is responsible for a lot of backwardness and misery in the Muslim countries. It is time to move forward and not backward. Otherwise what we do not do for a buck!
Post a reply