Toronto - UM Financial has supported Canadian Mortgage and Housing Corporation (CMHC) $65,000 study on Islamic Mortgages and other faith mortgages. Islamically acceptable financing/mortgage is a product/commodity does not come at the expense of others products nor does it compel any Canadian to purchase.
We have been hearing about Islamic finance and banking services for many years now. For those of us living in Muslim countries this may not be big news. However, for those of us living in western countries, Islamic banking services are still not available commonly. However, some of us may not realize that Islamic banking industry’s assets have reached to $500 billion today. Middle Eastern countries and
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