Comments on: Special Mortgage Rules for Muslims - Good or Bad? http://www.bloggernews.net/17305 High-quality English language analysis and editorial writing on the news. Wed, 25 Nov 2009 09:00:03 +0000 http://wordpress.org/?v=2.3.3 By: Melanie McLister http://www.bloggernews.net/17305#comment-35205 Melanie McLister Mon, 04 Jun 2007 21:57:34 +0000 http://www.bloggernews.net/17305#comment-35205 Sharia-compliant mortgages are not only more expensive, but are also becoming more controversial: http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2007/05/muslim_unfriend.html It will be interesting to see how big banks package these products if they do in fact enter this market. They'll need to spin them just right to attract business from devout Muslims. Sharia-compliant mortgages are not only more expensive, but are also becoming more controversial:

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2007/05/muslim_unfriend.html

It will be interesting to see how big banks package these products if they do in fact enter this market. They’ll need to spin them just right to attract business from devout Muslims.

]]> By: Canuck http://www.bloggernews.net/17305#comment-35094 Canuck Mon, 04 Jun 2007 14:55:01 +0000 http://www.bloggernews.net/17305#comment-35094 Your use of the term "special rate" is amusing, since these mortgages are *more expensive* than ordinary interest-based ones. Unfortunately the Globe and Mail article that contained this information is now archived and must be paid to view. http://www.theglobeandmail.com/servlet/Page/document/v5/content/subscribe?user_URL=http://www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20070525.wrsharia25%2FBNStory%2FspecialComment&ord=22069168&brand=theglobeandmail&redirect_reason=2&denial_reasons=none&force_login=false The National Post reports with a right-wing bias which is doubtless why the left it out of their story but a little research should confirm what was in the Globe article - that Muslims are willing to pay *more* for this specialized service. Your use of the term “special rate” is amusing, since these mortgages are *more expensive* than ordinary interest-based ones. Unfortunately the Globe and Mail article that contained this information is now archived and must be paid to view.

http://www.theglobeandmail.com/servlet/Page/document/v5/content/subscribe?user_URL=http://www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20070525.wrsharia25%2FBNStory%2FspecialComment&ord=22069168&brand=theglobeandmail&redirect_reason=2&denial_reasons=none&force_login=false

The National Post reports with a right-wing bias which is doubtless why the left it out of their story but a little research should confirm what was in the Globe article - that Muslims are willing to pay *more* for this specialized service.

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