No legal hurdles to Islamic financing, mortgages in Canada, says CMHC report

By Julian Beltrame (CP) – Jan 26, 2010, OTTAWA — Most forms of Islamic financing, including Shariah-compliant mortgages, would pose no legal hurdles if widely offered in Canada, concludes a CMHC report expected Wednesday. The 88-page Canada Mortgage and Housing Corp. study notes that Islamic funding instruments are widely available throughout the world, but even in Muslim countries, often comprise a minority share. [Keep reading this story here.]