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Tuesday, May 21, 2024

Canada falls to Halal blackmail: How Raghuram Rajan too wanted to introduce Islamic Banking in Bharat

“Canada falls to Halal blackmail: How Raghuram Rajan too wanted to introduce Islamic Banking in India”, Opindia, April 17, 2024:

“On 16th April, Canada said that it plans to explore new measures to expand access to alternative financing products such as halal mortgages. The rapport report on Budget for the financial year said, “Canada is home to a vibrant and growing market of alternative financing products, including halal mortgages, that enable Muslim Canadians, and other diverse communities, to further participate in the housing market.”

It read, “Budget 2024 announces that the government is exploring new measures to expand access to alternative financing products, like halal mortgages. This could include changes in the tax treatment of these products or a new regulatory sandbox for financial service providers while ensuring adequate consumer protections are in place.”

The Canadian government started consulting financial service providers and diverse communities to understand how federal policies could be improved to support the needs of “all Canadians seeking to become homeowners.” An update on Halal Mortgages is expected to be provided in the 2024 Fall Economic Statement…..”

Read the full article at Opindia.com

 

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