Call for Shariah Compliant Mortgage Financing at Canadian Financial Institutions
In the Quran, (2.275) God makes clear the prohibition of usury and interest for Muslims saying that "[He] has permitted trade and has forbidden interest." As we all know, there is a great need for Shariah compliant financing in the Canadian market.
Little to no such options exist and being aware of such a fact, Muslims are constantly searching for a Shariah abiding financing alternative to fulfill their housing, business and personal credit needs.
The creation of such an option would only be of mutual benefit to the financial institution as well as to the Muslim community.
Some of the countless benefits for the financial institution include:
Non-competitive market as not many other viable options exist
As proven by the number of signatures, a significant number of buyers
Stable families, low divorce rates, and fiscal discipline are also assets which make the Muslims ideal customers
The creation of such an alternative would cover not only housing but a broad array of needs such as business, personal credit, etc.
So we, the Muslim community, request the financial institution to consider our proposal for viable Shariah compliant financing options.
PLEASE SIGN THIS PETITION if you want HALAL MORTGAGE and HALAL LOANS available for you across Alberta.