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The demand for Islamic banking and finance has grown in Canada due to the growing Muslim population [1] in the country who want to avoid riba and other financial practices in violation of sharia. These sharia-compliant financial products are not offered by main financial institutions and, thus, small financial companies are major players.
The main Montreal branch of the Bank of Montreal, Canada's oldest bank. Toronto's financial district. This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
Islamic universities and colleges in Canada (3 P) Pages in category "Islamic organizations based in Canada" The following 20 pages are in this category, out of 20 total.
Pages in category "Islamic banks" The following 23 pages are in this category, out of 23 total. This list may not reflect recent changes. A. Al Rayan Bank;
Aareal Bank, Wiesbaden, Germany; Aargauische Kantonalbank, Aarau, Switzerland; Abacus Federal Savings Bank, New York, United States; AB Bank, Dhaka, Bangladesh; AB ...
Pages in category "Islamic banking" The following 44 pages are in this category, out of 44 total. ... Islamic banking and finance in Canada;
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(For example, one Islamic bank—Al Rayan Bank in the UK—talks about "Fixed Term" deposits or savings accounts). [167] In both these Islamic and conventional accounts the depositor agrees to hold the deposit at the bank for a fixed amount of time. [168] In Islamic banking return is measured as "expected profit rate" rather than interest. [169 ...