Trudeau government announces 'halal mortgages'
What does that mean for Canada?
People think there is no sharia in Canada. They are wrong, there is a great deal. CIBC – a chartered Canadian bank - currently partners with Wood Gundy to provide halal investment opportunities described as ‘socially responsible and ethical investing.’ (1)
Canada hosts the largest halal expo in North America every year featuring a host of products and services. Expo 2024 boasts “From Food & Beverage to Pharmaceuticals to Cosmetics, from Finance to E-commerce and Logistics to Tourism and more, the entire halal industry will gather under one roof providing traders and buyers with the ideal platform to network and share market insights.”(2)
The halal certification market also contributes to Sharia and affects not only finance but ultimately restricts employment opportunities for non-Muslims (3)(4). Sharia is all encompassing, affecting virtually every aspect of life. (5)
All halal investment vehicles must have a Sharia Board and are obligated to follow Sharia law. Sharia is inconsistent with the Universal Declaration of Human Rights. It does not recognize freedom of religion, or equality before the law. In addition, all profits and fees will be subject to 'zakat' - the Islamic tax. This tax has 8 categories for disbursement – the seventh is jihad, which Sharia describes as a 'communal obligation'. Koran 9:60 (6)
There is no reason to provide halal mortgages because the Islamic principle of Darura applies today just as it always has, Koran 2:173 and (7) this why Muslims have no problem taking out an ordinary mortgage in a non-Islamic country (if there are no halal mortgages available) and have done so without hardship for decades: 'Necessity overcomes obligation'. However, once a halal mortgage is available, Muslims may be pressured by entities within the Islamic community, the 'Ummah', to use a halal mortgage instead of a conventional one whether they want to or not. (8)(9)(10)
Promoting sharia mortgages in a non-Islamic country introduces Sharia law in a very substantial way. Non-Muslims will also be urged to invest in 'ethical mortgages' - this is the language that is used - and they may do so to encourage 'multiculturalism'. Many Canadians have adopted this blanket attitude without thoroughly investigating exactly what it is they are supporting and would be shocked to discover what having a 'Sharia board' actually means.
Sharia is already far advanced in the U.K. including food, finance, insurance, schools, courts, sharia compliant regulations enforced in hospitals and other public institutions and more. What is left before the U.K. becomes fully Sharia compliant? Only time.
Canada has long had a reputation as a safe haven for people seeking asylum. This includes Coptic Christians, Christians, Baha'i, Jews, apostates and other minorities fleeing Islamic regimes. They are seeing more and more capitulation to demands for Sharia in this country and it is alarming.
Sources:
Zakat Tax: Koran 9:60 https://legacy.quran.com/9/60
Darura: Koran 2:173 https://legacy.quran.com/2/173
(1) CIBC halal investments https://woodgundyadvisors.cibc.com/web/khaled-sultan/halal-investing
(2) Canada Halal Expo https://halalexpocanada.com/index.html
(3) Solomon, Sol ‘Islamisation through Halal products’ https://archive.christianconcern.com/sites/default/files/20190114_ChristianConcern_PolicyReport_HalalFoods.pdf
(4) Florence Bergeaud-Blackler et al ‘Islam, politics and markets in global perspective' 2015
(5) Video: What is Sharia?
(6) ‘Shari’ah Standards’ The Accounting and Auditing Organization for Islamic Finance 2017, Sec 35 (9) p 896 https://aaoifi.com/shariaa-standards/?lang=en
(7) Oxford Reference (darura): https://www.oxfordreference.com/display/10.1093/oi/authority.20110810104722491
(8) Sookhdeo, Dr. Patrick ‘Understanding Shari’a Finance’ Isaac Pub. 2008 (p.78-79)
(9) News: Court decision supports sharia: https://torontosun.com/opinion/columnists/fatah-shariah-law-makes-a-comeback-in-ontario
(10) News: Shariah Mortgage: https://torontosun.com/opinion/columnists/fatah-why-shariah-mortgage-is-a-deception