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FRANCE ISLAMIC BANK MURABAHA MUDARABA

In France, sharia-compliant banking currently accounts for a marginal share of the French financial sector. Recent estimates expect that Islamic financial assets in France could reach more soon.

France is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing France's islamic SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.

Currently, France will have in future a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.


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