In the News Detail
news headline
Narrowing the Gulf
SOURCE
The Globe and Mail
AUTHOR
Sonia Verma
DATE
July 8, 2008
Walied Soliman, a lawyer in the Business Law Group, explains in the Report on Business's feature story on Islamic finance how the trend is growing in Canada.
Excerpt
Walied Soliman, a Toronto-based lawyer at Ogilvy Renault, said "Canadian banks haven't been as quick either on raising money from the Middle East for financial institutions in Canada or in terms of offering up structured products or issuers for investment in the Middle East."
But that may be changing, he said. "Canada is very quickly getting onto the radar of [sharia] investors and other issuers looking to engage in M&A transactions with Canadian issuers, and as a result we're going to see growing interest in Canada and the bankers will adapt to that and learn more about the sector as the demand grows."
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