France wooing Islamic financial institutions

France wooing Islamic financial institutions

champs elysees

France is creating a suitable environment for Islamic financing institutions to operate in the country, the French Minister of Economy, Industry and Employment said here yesterday.

“We have modified the tax environment and are currently in the process of modifying the legal environment to allow for Islamic finance to set up shop in France,” Christine Lagarde told reporters.

She said two major Qatari Islamic financial institutions have already requested for approval to operate in France.

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