Tuesday, July 4, 2017

Islamic finance in Europe (74)

Continuation
2.4 ISLAMIC FINANCE IN EUROPE
As mentioned in the previous section, the overall magnitude of Islamic finance is still limited in Europe.
With there being some notable difference between countries.
This point clearly demonstrated by the country reports presented below.
2.4.1 FRANCE
The development of Islamic finance in France is attributed to strong support by the French authorities.
They have built an appropriate and friendly environment for such finance in this country.
Paris EUROPLACE is the organisation that promotes the city’s role as a financial centre.
In December 2007, this institute established the Islamic Finance Commission.

From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)

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