In the video at the link below, Guy David, partner, Gowling Lafleur Henderson, explains the potential for Shariah finance in Canada, including its application to residential mortgages and the capital markets.

David admits that there is essentially no inherent demand for Shariah-compliant products in Canada; the market is not demand-driven, it is supply-driven. Muslims in the West are not demanding these products, but are compelled by Shariah to make use of them if they are made available. Allowing Shariah Finance into the West discourages assimilation by Muslims into Western society and culture and encourages a separate legal system ¬†as well…

LINK to video:

http://www.theglobeandmail.com/globe-investor/islamic-finance-and-mortgages/article1621515/?

 

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