Canada plans halal mortgage for Muslims, faces questions
The Canadian government is exploring halal mortgages to help Canadian Muslims buy houses as part of Prime Minister Justin Trudeau’s push for homeownership. The plan has been questioned and criticised by people. Canada, meanwhile, has extended the ban on foreigners buying houses.
In Short
- Trudeau aims to boost homeownership with halal mortgages
- The government seeks to safeguard homes for Canadians
- The housing sector has faced shortages with a sharp rise in immigrants
The Canadian government is exploring ways to make homeownership more accessible, including introducing Sharia-compliant financing activities referred to as ‘Halal mortgages’. This initiative is part of Prime Minister Justin Trudeau’s plan to support homeownership aspirations, particularly among Muslim Canadians. This comes even as the Trudeau government extended the ban on foreigners buying houses.
The plan to introduce Halal mortgages by banks faced questions and criticism from people.
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This is a whole new fucked up level of woke.
The government shouldn't try to cherry pick financial rules to accommodate primitive religious edicts.t.co/0pOe8JZtLu
— Cory Morgan (@CoryBMorgan) April 16, 2024