Alberta Introduces Halal Mortgages
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halal mortgagesGlobal News
•Alberta government tables legislation to enable halal mortgage options | Globalnews.ca
71% Informative
Alberta government has introduced legislation to allow provincially regulated banks to offer halal mortgage and home financing products.
Paying and receiving interest is prohibited in the Islamic faith, which means traditional interest-based mortgages aren’t an option for many Muslims in Canada .
Albert Finance Minister Nate Horner says credit unions and ATB Financial will be able to offer the products.
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