Comments on: Confirmed: Islamic Banking in Canada

By: Abdirizak

Abdirizak — Mon, 17 May 2010 04:26:30 +0000

I just can’t wait to see Islamic banking functional in Canada. I would like to get some loan for a business start-up because that would carry interest but when I borrow from other non-islamic banks, they charge interest which is haram and makes your wealth haram too.Please speed up the inauguration of islamic banking in canada.
thank you.

By: Jennifer

Jennifer — Sun, 08 Mar 2009 19:42:09 +0000

Please stop listening to non representative parties like Canadain Muslim congress, they represent nothing but a small vocal group who does not represent majority of Muslims in Canada and they have been given too much power in media. Most Muslim don’t even consider them Muslims, which is beside the point. Most Muslim want sharia compliant investment and mortgages. I am Canadian converted muslim and I hate how non representative groups like CMC are influencing the dialog. Islamic banking had great success all over world and in USA where traditional banking failed; http://www.islamonline.net/servlet/Satellite?c=Article_C&cid=1235628921823&pagename=Zone-English-News/NWELayout.

Regards,
Jennifer

By: Hesham Youssef

Hesham Youssef — Sat, 25 Oct 2008 12:02:19 +0000

Kindly look into the matter taking in consideration the latest liquidity and credit crisis. Let’s think this time without boarder differences and as one big world. The mortgage and real estate issues all over the world are suffering except the Islamic structured ones. CDO and the likes have caused the world to suffer and till now, Allah, The Creator, only knows what we will suffer more!

The problem is much simpler: let’s remove the terminology and talk business. What is the difference between ethical banking, Islamic Banking and Conventional banking; which one serves humanity better? Forget about names. You will find out that Interest in all dictionaries talk about small % and it is by law prohibited to charge more than certain %. The US in case of recession plays with rates to promote for production (welfare for humanity). This is exactly what we are asking for: welfare for humanity in employment and affordable way of life. Thank you.