08.03.2012 - Islamic Finance industry to continue developing in France, says Salion
In 2007, oil prices pushed the French government to consider Islamic finance. The Minister of Economy, Christine Lagarde, asked Paris EuroPlus and treasury to assess and develop France's potential to attract Islamic Finance. In his preview of the Islamic Finance Industry for 2012, Antoine Salion, Islamic Finance Advisor, Paris EuroPlus said in his piece titled, 'France: seeking diversity' that In the coming weeks, Chaabi Bank, the long-established French subsidiary of Moroccan Groupe Banque Populaire will open its Sharia compliant deposit account to small and medium enterprises (SMEs), thus addressing a latent need of small businesses for Islamic banking products...............................................Full Article: Source
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