Hot Topic: Will Canada Embrace Islamic Finance?
Submitted by Editor on June 3, 2010 – 10:57 amNo Comment
Investments worth £800bn are made through Islamic finance products.
By John Mackie
Though Islamic finance has made significant headway in Europe and the U.S., it remains in relative infancy in Canada.
In one notable development though, in late December, Toronto-based company Ansar Financial and Development Corporation filed a prospectus for its IPO, planning to raise $15 million.
Ansar intends to be Shari’ah-compliant, making this real estate developer the latest to test Islamic finance waters in Canada, and the first public company to do so.
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Tags: Ansar Financial, Canada, IslamBank, IslamBank.Community, Islamic finance, Toronto
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