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The demand for Islamic banking and finance has grown in Canada due to the growing Muslim population[1] in the country who want to avoid riba and other financial practices in violation of sharia. These sharia-compliant financial products are not offered by main financial institutions and, thus, small financial companies are major players. However, major companies like WealthSimple are starting to embrace the idea.[2]
^Hejazi, Walid; Sawwaf, Mohamad (2020-04-15). "Opinion: Embracing Islamic finance presents an opportunity for Canada". The Globe and Mail. Archived from the original on 2021-11-05. Retrieved 2021-11-05.
^"Mackenzie Investments Partners with Wealthsimple to Launch Canada's First Shariah-Compliant ETF". Bloomberg.com (Press release). Canada Newswire. 12 May 2021. Archived from the original on 2021-10-31. Retrieved 2021-10-31.
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