Faith & finance

1 min read · March 14, 2025
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Faith and finance have long been intertwined across religious traditions, shaping ethical investment strategies and financial systems.

With nearly 1.8 million Muslims in Canada—a number expected to grow—many still face barriers in accessing financial products that align with their values. Since interest is prohibited in Islam, conventional banking often forces Muslim Canadians to choose between their faith and opportunities like homeownership and entrepreneurship.

Islamic finance offers a values-driven alternative, grounded in risk-sharing, ethical investing, and social responsibility. Products like profit-sharing (mudarabah) and joint partnerships (musharakah) provide interest-free solutions that are gaining traction beyond Muslim communities. In the UK, Sharia-compliant mortgages have attracted a diverse range of customers, demonstrating broad market appeal regardless of faith.

The principles of Islamic finance—rooted in integrity, fairness, and community-driven support—reflect the very essence of Team Canada: diverse, inclusive, and forward-thinking.

Narinder

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