La finance islamique : une récente histoire avec la France, une longue histoire avec ses banques

Abstract

Islamic finance : a recent history with France, a long story with its banks Showing a vigorous resistance to the actual financial crisis, the Islamic Finance sector continues to achieve sustained high growth. Indeed, Islamic banks are slightly exposed to the risks generated by the subprimes loans than conventional banks. Profiting from a continual surge from the petrodollars and the repatriation of some capital after September 11th, the Gulf region takes advantage today of an important liquidity concentration. This raises the question of how France will draw this capital to the Paris financial place. Thus, recently, in addition to the difficulties faced by many financial companies and liquidity problems between different banks, interrogations raise about France position toward Islamic finance. This paper analyzes the projections, the challenges and the opportunities given by this sector in France. If the debate on its development on the Hexagon is only at its beginnings, some French banks are already very active there. This paper tries to analyze the trades’ lines and the expertise developed by these banks outside France. This study puts forward the performance of these banks which are sometimes leaders on some areas of Islamic Finance. Classification JEL : G20, G10.