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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