The Canadian government has announced plan to introduce ‘halal mortgage’ for muslims. This initiative is part of Prime Minister Justin Trudeau’s efforts to support Canadians aspiring to become homeowners, with a particular focus on the Muslim community. Halal mortgages are compliant with Islamic law, which prohibits the charging of interest, considering it a form of usury. Although some Canadian financial institutions already offer Islamic law-compliant mortgages, none of the country’s five major banks currently provide them. But the move has sparked a big debate across Canada, with many accusing Trudeau of appeasing the Muslim votebank.
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