Growing of Islamic Finance in Canada

Canada’s openness and stable economy have attracted vast growing population of Muslim which could be good place to develop Islamic Financial Market. 3.2 percent of the Canadian population was Muslims according to data in 2011, which has growth of up to 2 percent since 2001.
A report published by Toronto Financial Services Alliance (TFSA), according to article published by middleeasteye.net Thomson Reuters anticipated that Canada can be popular place to almost 18 billion dollars in sharia-compliant mortgages and Islamic sukuk (bonds) could potentially make up to 130 billion dollars in investments for national infrastructure.
Read More