In spite of its small share of the global financial market, Islamic finance is considered
as one of this sector’s fastest growing components over the last few decades and has
gained further momentum in the wake of the global financial crisis. Given the France’s
position as one of the leading international financial markets, it is surprising that part
of this growth has not taken place in La Place de Paris. France, the western European
country with the largest Muslim population, has not make much progress in
developing Islamic finance in the domestic market like her neighbors UK. The paper
examines the development of and possible prospects for Islamic finance in France. As
well as, this study discuss the breakthroughs, issues and challenges facing this sector
in France.
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