Islamic Finance in Canada

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DesirousAmetrine
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15 Questions

What does the term 'halal' mean in Arabic?

Permitted

Why couldn't Ammar Maqsud put money in a standard savings account?

There were no banks offering halal options

What percentage of Canada's population identifies as Muslim?

5%

Why are many practicing community members unable to invest in certain companies?

Their religious beliefs prohibit them from investing

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

Shyness towards investment opportunities

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 — ___________.

interest

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

Statistics Canada

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.

halal

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

English

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

products

ما الذي تقيسه البورصة بالضبط؟

ارتفاع مؤشر داو

ما الذي يمثله العرض العام الأولي (IPO)؟

عملية بيع الأسهم للجمهور لأول مرة

من يقوم بشراء الحصص في السوق؟

البنوك والمؤسسات المالية والأفراد والشركات

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

تدني قيمة حصص الشركة

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

خطورة كبيرة في الاستثمار في هذه الشركة

Test your knowledge about the Islamic finance options available for Canadians. Learn about the religious restrictions and halal investment opportunities in Canada.

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