: Sharia-Friendly finance


farfromover
2007-05-07, 03:41 PM
Link from G&M (http://www.reportonbusiness.com/servlet/story/RTGAM.20070507.wrislam07/BNStory/robNews/home)

"It's an unlikely image: staffers at the Office of the Superintendent of Financial Institutions - surely one of Ottawa's driest regimes - are busy brushing up on the fine points of sharia law these days to cope with the anticipated expansion of Islamic financial services in Canada."

stampeder
2007-05-07, 06:08 PM
It is against the tenets of Islam to charge interest, so different solutions are required. Sharia-friendly finance has been around for a long, long time and can often be found in the classifieds of major city newspapers in Canada.

jacksparrow
2007-05-07, 08:16 PM
People of the Islam faith, are also required by the holy book ( Quran ) to donate a percentage of their wages ( arms ) to the poor and needy.