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Sharia Bank Present in France

The presence of sharia banking in Western countries increasingly widespread. Now, turn the French have a Sharia bank with the presence of a number of investor-state Gulf country and Qatar Islamic Bank (QIB). At least three banks operating permit has been put in France, namely Qatar Islamic Bank, Kuwait Finance House and Al Baraka Islamic Bank of Bahrain.


Representatives from the QIB has come to France to manage a bank operating license. Attorneys for the origin of the French representative QIB, Gilles Saint Marc, said the syariah banking in France is ready. At least two permits a bank to ask the government has in the end. ''We target the first syariah bank in France have been ready before the end of 2009,''said Marc.


In addition to QIB, Kuwait Finance House, and Al Baraka Islamic Bank of Bahrain, Marc said that the bank has a number of states ketertarikannya sell products and services sharia. QIB own ekspansinya plans to expand in North Africa, France, and Germany. QB currently has subsidiaries in London and Malaysia.

Economics professor, Olivier Pastre and Elyes Jouini, said France could attract 100 billion euros (136.9 billion U.S. dollars) of the sharia financial institutions. Bank syariah akan demand continues to grow in the last few years. Banking industry that operates in accordance with the principles of the sharia is not only widespread in the Middle East, but other countries. More than 1.3 million Muslims seek investments in accordance with keyakinannya.

Senior credit officer Moody's France, Anouar Hassoune the current focus on Islamic institutions investment property and other business sharia. However, in three to five years, the institution will focus on offering retail services. ''Kuwait Finance House and Al-Baraka Islamic Bank may be one of the institution,''said Hassoune.

French Senate is looking for ways to eliminate legal obstacles, especially taxes, to develop financial products and services sharia. The decision taken after getting recommendations from the Financial Affairs Commission of Islamic finance in May.

The report emphasizes the importance of Islamic finance in France and the need to change aspects of the law to adjust the French law with Islamic financial system. Based on the polls last May, about 500 thousand Muslim interested in the French bank syariah.

French Finance Minister, Christine Lagarde has promised to make adjustments to the rule of law sharia banking. The leaders of the world also, he said, trying to find new principles for the international financial system that has transparency, responsibility, and moderate.

Secretary General of Franco-Arab Chamber of Commerce, Saleh Al Tayar said any losses experienced by Societe Generale SA's trade invalid by Jerome Kerviel was 4.9 billion U.S. dollars years ago will not happen in Islamic institutions. If''based global banking practices practices of Islam, we will not be through a crisis time like this.''C67

Republika, 27/1/2009
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