rudeau to introduce ‘halal mortgage’ for muslims in Canada, bans foreigners from buying home for 2 years

rudeau to introduce ‘halal mortgage’ for muslims in Canada, bans foreigners from buying home for 2 years

Canada Government Initiatives

Canada Government Initiatives

Halal Mortgages for Muslims

The Canadian government is exploring options to introduce halal mortgages as part of Prime Minister Justin Trudeau's efforts to support homeownership among the Muslim community.

What are Halal Mortgages?

Halal mortgages are compliant with Islamic law, avoiding interest charges. These mortgages cater to the needs of Muslims who adhere to Islamic financial principles.

Foreign Investors Ban

Canada has implemented a two-year ban on foreign investors purchasing residential properties, effective from January 1, 2023, to ensure housing availability for Canadian citizens.

Canada Budget: Key Highlights

In the housing-focused budget, the government projected a deficit of $39.8 billion for fiscal 2024-25. New spending initiatives aim to assist younger Canadians, with tax fairness measures introduced to generate additional revenue.

HT Launches Crick-it

HT introduces Crick-it, a one-stop destination for cricket enthusiasts to catch live matches anytime, anywhere. Explore now!

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