In Canada, sharia-compliant banking currently accounts for a marginal share of the Canadian financial sector. Recent estimates expect that Islamic financial assets in Canada could reach more soon.
Canada is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Canada's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Canada has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
CANADA ONLINE SHARIA BANK