| From Gulf-times.com: Islamic finance is a trillion dollar industry and has become part of the global financial system. The industry represents around 1.6bn Muslims worldwide as well as non-Muslim investors seeking to diversify their portfolio.
Institutional and private investors look to tap into a market that may reach a staggering $5tn, according to forecasts by rating agency Moody’s. France has skilfully anchored into this dynamic terrain but the question really is — What does France need to do to tap completely into this market and become the capital markets’ centre for Islamic financing in the western world?..........................................Full Article: Source |