Thursday, February 08, 2007

UM Financial making headlines as usual

Omar Kalair has figured out how to provide financial support – what we call a
mortgage – with no interest charges attached.

"Few of Kalair's clients understand how difficult it was to devise such a seemingly simple approach. While working at Hewlett-Packard and Airmiles Loyalty Group, he put together a business plan and spent two years knocking on doors at 70 financial institutions before finding an interested potential partner at Credit Union Central of Ontario."

Putting faith in Islamic mortgages

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