PARIS, April 24 (KUNA) - The French Senate, or upper house of parliament, announced here Thursday that it is organizing two round table discussions May 14 to examine the role France can play in attracting Islamic funds and the opportunities opening up to work with Islamic funds on international finance markets.
The sessions will be presided over by the Senates Finance Commission president Jean Arthuis and will include participants from a variety of financial and investment bodies.
The first round table will examine “the integration of Islamic finance in the global financial system” and seek to determine the challenges for France in this area, the Senate said in a statement.
According to the statement, Islamic funds are now valued at around 700 billion dollars and have a “recognized growth potential” but these funds remain centred in the Middle East and Southeast Asia, where they continue to grow. Read more ...
The sessions will be presided over by the Senates Finance Commission president Jean Arthuis and will include participants from a variety of financial and investment bodies.
The first round table will examine “the integration of Islamic finance in the global financial system” and seek to determine the challenges for France in this area, the Senate said in a statement.
According to the statement, Islamic funds are now valued at around 700 billion dollars and have a “recognized growth potential” but these funds remain centred in the Middle East and Southeast Asia, where they continue to grow. Read more ...
Source: KUNA
H/T: Sharia Finance Watch
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