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Canada Latest | Trudeau Government Plans Alternative Financing For Muslims In The Country | N18V [Video]

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Canadian Politics and Government

Canada Latest | Trudeau Government Plans Alternative Financing For Muslims In The Country | N18V

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.

#trudeau #justintrudeau #canada #halamortgage #news18 #cnnews18
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