(CityNews) The federal government says it plans to explore new measures to expand access to “alternative financing products, like halal mortgages.”
According to the federal budget, the Liberal government has already begun consultations with financial services providers and diverse communities “to understand how federal policies can better support the needs of all Canadians seeking to become homeowners.”
The Islamic faith considers the charging of interest to be a form of usury, and considers gains made through interest to be unjust.
Other Abrahamic faiths — like Judaism & Christianity — also consider usury to be a sin.
