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Sharia mortgage success story goes bankrupt

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  • Tarek Fatah
    Hi, Can anyone confirm the news that the much touted success story in Sharia Banking and Mortgage, UM Financial has gone into bankruptcy. Here is the court
    Message 1 of 1 , Oct 11, 2011
      Hi,

      Can anyone confirm the news that the much touted success story in Sharia Banking and Mortgage, UM Financial has gone into bankruptcy.

      Here is the court document:
      http://www.grantthornton.ca/resources/creditor_updates/documents/UM%20Financial%20Inc/UM%20Financial%20Order.pdf

      Is there anyone on this list who took out a sharia mortgage and is now left out in the cold?

      Tarek
      >
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