Islamic finance is rapidly expanding in Canada. “Canada is home to an estimated 1.5mn people following the Islamic faith, or around 4% of the population, which makes Muslims the second largest religion in the country, while it is also the fastest-growing. Most of them are immigrants.”

And expect demand in Canada for Sharia finance to increase steadily, along with demands for other Sharia tenets, such as curbing speech that offends Islam. Canada already has “Islamophobia” motion M-103, along with a $23-million followup plan to “crack down” on “Islamophobia,” as well as to train law enforcement to monitor online and offline “hate speech.”

Canada is also welcoming in one million immigrants a year, with a Prime Minister who has his clear preferences: Trudeau has declared that “evangelicals are the worst part of Canadian society.” Also, Canada’s zeal to lead the charge on the UN Migration Pact will “spell radical change for Canada,” turning mass migration into a human right. That is sobering, given Trudeau’s dismal record of promoting the interests of Islamic supremacists. The Muslim Voting Guide even deemed Trudeau’s “blackface antics” to be “OK because of his public stance against Islamophobia.”

There are plenty of opportunities for Islamic banking in Canada with a Muslim population that will increase substantially in the future and with a growing interest of foreign investors noticing that Canada is developing into an Western hub for Islamic investment and finance, following the footsteps of the UK.

But allowing Sharia-compliant finance is dangerous. Frank Gaffney, Founder of the Center for Security Policy, warns that it “is green-lighting a seditious system that supports jihad.” He further states:

“If you understand what Shariah is, you understand that it is a pretty awful system. Not something that you’d want insinuated in your society and becoming a major feature of your economic system…..Shariah (Islamic law as dictated by the Koran) governs all aspects of life, from the personal practice of the faith to how you relate to your family to how you relate to your business partners, to your community … all the way up to how the world is run, and it is all one seamless program. You can’t say ‘I’ll take the personal pietistic practice … and skip the beheading and the flogging and the stoning and the global theocracy.”

The Canadian banking sector reportedly has about $18 billion worth of Sharia-compliant mortgages; Sharia financing is rapidly expanding into the insurance sector as well.

“Islamic finance making strides in Canada,” by Arno Maierbrugger, Gulf Times, February 11, 2020: