Federal officials pushed to approve Islamic-compliant home loans despite repeated internal warnings that the proposal was unworkable, according to newly released Access To Information records.
Blacklock’s Reporter says emails reveal the Department of Finance wanted to move “extremely fast” on Sharia-compliant mortgages in the months leading up to the April 28 election, despite concerns from the Canada Mortgage and Housing Corporation (CMHC) that the financial structure conflicted with tax laws, liability rules, and existing mortgage insurance policies.
