France

Europlance wants to promote Islamic finance and banks in Paris

Nasser Al Harthy reported in The Peninsula on 21 January about Paris-based Europlace that it welcomes sukuk issuers on NYSE Euronext and the setting up of Islamic banks in Paris. Arnaud de Bresson, Managing Director of Paris Europlace, said the new reforms that were adopted concerned authorisation of Shariah-indexed mutual funds, listing of sukuk in France, tax neutrality on Murabaha (transactions on real estate property, shares, machinery and commodities) as well as tax deduction on renumeration of sukuk.

France to host meetings on ‘Islamic finance’

Arab Times reported that the French Senate,is organizing two round table discussions May 14 to examine the role France can play in attracting Islamic funds.

Senates Finance Commission president Jean Arthuis will preside the meeting and Zubeir Bin Terdeyet, Director of Isla Invest, Maya Boureghda, a legal counsellor at BNP Parisbas, Anwar Hassoune, vice-president of Moodys rating company, [deleted], SGAM Asset Management, London, Jean Francois Pon from the Federation of French Banks and Gilles Saint Marc, a lawyer from AARPI.

Source: http://www.arabtimesonline.com/kuwaitnews/pagesdetails.asp?nid=16009&cci...

and https://www.senat.fr/rap/r07-329/r07-3293.html

Syndicate content