Islamic Finance introduction

Against a backdrop of financial crisis and economic crisis, France is looking for new avenues of development in several areas.

One of them could be LAFIN Islamic. The Islamic banking market accounted for 4,100 billion euros of capital estimated in the world in 2006(1). This windfall, not negligible, obviously interested in the French banking industry institutional, retail, but also the private bank.

The funding "Islamic" has long been regarded as a fad by the market players believing that these products had no future because submitting to rules that might seem difficult to implement.

Today, this view is changing, primarily because the market for Islamic products is growing at about 10 to 15% per year since 2000(2) and has great investment potential.

Secondly, because the Muslim population is about 5,800 billion in GDP in the world(3) and that people want to invest in products that comply with the rules imposed by her religion.

Yet, despite this willingness of our government to allow the introduction of Islamic products in France, this fund faces doubts professionals and populations. First, for most, consider it a little serious funding, little "scientific" that will quickly fashion. The latter seem to even the hand of radical Islam and does not want to be associated.

Besides the purely capitalistic this topic, there is a sociological component, especially in France which should not be overlooked.