Islamic Finance in Canada
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Questions and Answers

What does the term 'halal' mean in Arabic?

  • Restricted
  • Limited
  • Permitted (correct)
  • Forbidden
  • Why couldn't Ammar Maqsud put money in a standard savings account?

  • He was not aware of the concept of savings accounts
  • He did not have enough money to invest
  • There were no banks offering halal options (correct)
  • He was not interested in investing
  • What percentage of Canada's population identifies as Muslim?

  • 7%
  • 5% (correct)
  • 2%
  • 10%
  • Why are many practicing community members unable to invest in certain companies?

    <p>Their religious beliefs prohibit them from investing</p> Signup and view all the answers

    What is holding back a lot of the Muslim community from investing according to the text?

    <p>Shyness towards investment opportunities</p> Signup and view all the answers

    Many Canadians depend on investments for their financial future, but for some Muslims, faith took many monetary options off the table because of religious restrictions around concepts like paying — or being paid — ___________.

    <p>interest</p> Signup and view all the answers

    Nearly five per cent of Canada's population identifies as Muslim, according to ___________.

    <p>Statistics Canada</p> Signup and view all the answers

    Ammar Maqsud, who observes those religious tenets, couldn't even put money in a standard savings account from his bank because they didn't have any ___________ options available.

    <p>halal</p> Signup and view all the answers

    Halal is an Arabic term that translates to 'permitted' or 'allowed' in ___________.

    <p>English</p> Signup and view all the answers

    While Islam does not typically ban investment, many practising community members cannot invest in companies that produce or sell religiously restricted ___________.

    <p>products</p> Signup and view all the answers

    ما الذي تقيسه البورصة بالضبط؟

    <p>ارتفاع مؤشر داو</p> Signup and view all the answers

    ما الذي يمثله العرض العام الأولي (IPO)؟

    <p>عملية بيع الأسهم للجمهور لأول مرة</p> Signup and view all the answers

    من يقوم بشراء الحصص في السوق؟

    <p>البنوك والمؤسسات المالية والأفراد والشركات</p> Signup and view all the answers

    ما هو تأثير رفض المستثمرين الأثرياء على شراء حصص في شركة "جيل"؟

    <p>تدني قيمة حصص الشركة</p> Signup and view all the answers

    لماذا لم يُقبل المستثمرون الأثرياء على شراء حصص في شركة "جيل"؟

    <p>خطورة كبيرة في الاستثمار في هذه الشركة</p> Signup and view all the answers

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