India, April 17 -- The Canadian government is exploring options to broaden access to financing alternatives, including halal mortgages. This initiative is part of Prime Minister Justin Trudeau's efforts to support Canadians aspiring to become homeowners, with a particular focus on the Muslim community.

In the recent federal budget, the Liberal government revealed that it has initiated consultations with financial services providers and various communities. The goal is to better understand how federal policies can cater to the diverse needs of Canadians seeking home ownership.

Canada Budget 2024 announces, "This could include changes in the tax treatment of these products or a new regulatory sandbox for financial service providers, while...