How Canadian banks are becoming sharia finance compliant ......... Part II

This from May, 2007

....Canadian Islamists who have been trying to bring in Sharia into Canada, so far without success, have now chosen another route - Islamic banking. According to Tarek Fatah, founder of the Muslim Canadian Congress, “In 2003, we saw Islamists trying to sneak Sharia into Canada through the backdoor of Family Law and under the cover of Multiculturalism. Now, they seem to be taking a different route. They claim they are introducing the seemingly innocuous ‘Islamic banking’ by claiming such banking to be ‘interest-free’ and ‘Sharia-compliant’. This is one more ploy to prey on the fears and insecurities of Muslim Canadians. Invoking Islam to make a fortune is only one part of the agenda. The other is to try one more time to make ‘Sharia’ part of the Canadian lexicon. Only this time, it has the backing of corporate lawyers and senior bankers who see big money at the end of the line. The whole concept is a fraud that will further marginalise an already marginalised community.”.......

This from Sep 2007 .... see how fast everything moves with purpose-driven invaders.

Ottawa has received its first applications to start up Canadian banks operating within the strictures of Islamic religious law - financial institutions that, if approved, would be among the first in the West.

Canada's bank regulator, the Office of the Superintendent of Financial Institutions, is studying two proposals for banks that offer services in keeping with Islamic laws that forbid speculation and interest but are in favour of transactions where profit and loss is shared.

The applications came to light in government documents obtained by The Globe and Mail under access to information laws, files that show Ottawa believes there are four other possible applicants keen to start banks operating under Islamic religious law, or sharia.

While some banks in the West offer sharia-compliant products, few aside from the Islamic Bank of Britain are standalone institutions set up expressly for this purpose.....

Here you will find a listing of all the Canadian financial institutions busy licking arab butts.

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