Here is an interesting news item:
Centennial College brings Islamic finance course to Canada
The London-based Chartered Institute for Securities & Investment (CISI) has accredited Centennial College’s School of Business as its first training provider in Canada. The college will offer a course in the CISI’s groundbreaking Islamic Finance Qualification (IFQ). This is the first international benchmark in the area of Islamic finance.
The online course will be offered this fall to the general public. A major Canadian bank is already exploring the opportunity to enrol some of its staff in the course this spring. Canadian financial institutions are keen to learn how to comply with Islamic principles to attract an increasing share of this specialized market, especially in Toronto, Canada’s banking centre.
Among other stipulations, Islamic banking does not recognize the charging of interest, and instead requires transactions to be based on strict collateral. Loan products such as home mortgages can comply with Islamic principles by being structured like lease-to-own arrangements or other means that require a repayment structure in lieu of interest.
No comments:
Post a Comment