Requirements for the success of Islamic finance in Canada
Joint Authors
Source
Issue
Vol. 17, Issue 2 (s) (31 Aug. 2020), pp.182-197, 16 p.
Publisher
International Islamic University Malaysia
Publication Date
2020-08-31
Country of Publication
Malaysia
No. of Pages
16
Main Subjects
Abstract EN
Islamic finance is at its first steps in Canada and the financial institutions offering Islamic financial products face many problems performing their services.
this paper has the objectives of evaluating the current situation of Islamic finance in Canada, to look into the issues and challenges faced by the financial institutions offering Islamic financial products as well as the conditions and requirements for the success of Islamic finance in Canada.
this study is qualitative in nature using analysis of the literature such as journals, books and official websites.
the data is thoroughly analyzed in order to find the solutions for the success of Islamic finance in Canada.
it is found that some Islamic financial products are offered in some non-bank financial institutions.
these institutions face issues amongst which are the lack of capital, the taxation and legal barriers and especially competition next to the Canadian big banks.
as a result, for the success of Islamic finance in Canada, it should be implemented in the big banks first.
American Psychological Association (APA)
Bin Aziz, Samiyah& Rusni, Hasan. 2020. Requirements for the success of Islamic finance in Canada. Journal of Islam in Asia،Vol. 17, no. 2 (s), pp.182-197.
https://search.emarefa.net/detail/BIM-1283989
Modern Language Association (MLA)
Bin Aziz, Samiyah& Rusni, Hasan. Requirements for the success of Islamic finance in Canada. Journal of Islam in Asia Vol. 17, no. 2 (Special issue) (Aug. 2020), pp.182-197.
https://search.emarefa.net/detail/BIM-1283989
American Medical Association (AMA)
Bin Aziz, Samiyah& Rusni, Hasan. Requirements for the success of Islamic finance in Canada. Journal of Islam in Asia. 2020. Vol. 17, no. 2 (s), pp.182-197.
https://search.emarefa.net/detail/BIM-1283989
Data Type
Journal Articles
Language
English
Record ID
BIM-1283989