Sharia finance is rapidly growing in the UK, Canada and Australia, and generally expanding across the globe. “Sharia-compliant financial assets are forecast to reach $3.8trn by 2023, averaging annual growth of 10 percent.” A UK-based company aims to boost international opportunities of Sharia finance even further. In the latest edition of World Finance, published by […]
Canada: Sharia financing rapidly expanding with increasing Sharia-adherent population
Islamic finance is rapidly expanding in Canada. “Canada is home to an estimated 1.5mn people following the Islamic faith, or around 4% of the population, which makes Muslims the second largest religion in the country, while it is also the fastest-growing. Most of them are immigrants.” And expect demand in Canada for Sharia finance to […]
UK: Treasury rewriting Britain’s tax laws to accommodate Sharia finance
Surrender. And they know the enormity of what they’re doing — that’s why they’re hiding it. Absurd Britannia Alert: “Sharia Law Sneaked Into Labour Budget,” by Kirsty Buchanan for the Sunday Express, December 13 (thanks to Weasel Zippers): THE Treasury plans to rewrite Britain’s tax rules to usher in a new wave of Sharia law […]