https://nationalpost.com/opinion/why-canadas-banks-should-avoid-halal-mortgages-at-all-costs
If a borrower pays $110,000 at the end of year one for an asset that is worth $100,000 a clear and simple Interest rate (and expense) can be calculated and implied.
No matter what you call it or structure it the extra payment is Interest in the non religious, western world sense. The fact that a borrower would neither want to call it interest nor use it as a deduction in the eyes of Canada Revenue Agency is beyond the reasoning of most taxpayers.
