“Islamic finance benefits from strong support in France,” said Invest in France Agency chairman and chief executive David Appia. “In building an appropriate and friendly environment, French authorities have contributed to make France an open country to Islamic finance.
“France has made a series of legal and tax adjustments into its financial system to integrate transactions and concepts that comply with Sharia principles, ensuring their tax neutrality with respect to conventional finance,” he said. “The regulatory body, the French Financial Market Authority, has defined a working framework for managing Sharia-compliant funds, some of which are already being distributed in France………………………………………..Full Article: Source