Overview
Eqraz
In September 2017, with my three children growing up, my wife and I decided to move back to Canada from Qatar, where we had resided since 2007. Based on my past business and academic experience, I had planned to start a management consulting business. However, as I began to develop my network in Canada, I came across the idea of halal mortgages, and the dearth of them across the country. Being Muslim, and having lived over a decade in the Middle East, where Islamic finance is growing at an unprecedented rate, this piqued my interest, and I decided to start looking into providing Shariah-compliant mortgages to Canadian real estate buyers.
Following six months of extensive research and dozens of meetings with Canadian real-estate, mortgage, banking and financial services professionals, I realized that the Canadian financial and regulatory environment is ripe with challenges against Islamic finance ventures.
