Author Topic: How about a no interest mortgage?  (Read 464 times)

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Offline Cloud Cover

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How about a no interest mortgage?
« on: June 11, 2019, 20:51:46 »
Well, here we go down the slippery slope - sharia law finance contract recognized in Ontario Criminal case.

https://torontosun.com/opinion/columnists/fatah-shariah-law-makes-a-comeback-in-ontario     

                                                                                                                               
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Offline AbdullahD

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Re: How about a no interest mortgage?
« Reply #1 on: June 12, 2019, 12:41:57 »
Sigh...

I have a sharia compliant mortgage :0

;)

Currently I pay 3.75% interest, locked in for 5 year terms with RBC.

But sadly, many Muslims like the easy answers and assume, the simple answer is the right one.

I also disagree this is a slippery slope, as long as contracts follows the laws and regulations Canada demands they follow then who cares? Lets all live in peace.

Abdullah