Entries Tagged as 'Sharia Banking'

Sharia Banking is Bad Islam

October 18th, 2011 at 2:40 pm 8 Comments

At Huffington Post Canada, Tarek Fatah explains why the Canadian experiment in Sharia banking has collapsed:

The leading promoter of Sharia banking in Canada, UM Financial Inc. has gone into receivership without much fanfare. None of the nation’s newspapers have bothered to report the development, despite the fact it could possibly affect hundreds of homeowners. Had it not been for a tweet by an affected Muslim homeowner looking for a lawyer, the story of UM Financial going broke would have escaped even the scant attention the news received on social media.

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