Arab Chamber of Commerce, Herve du Charette, inaugurated the meeting on behalf of the French Minister of Economy and Industry, Christine Lagarde. Attended by a large number of French companies representatives, banks, Islamic Finance institutions and academics dealing with Islamic economy and the Islamic financial services industry, the high profile function mainly focused on three major points namely; “issuance of Sukuk in France as of the start of the year 2011, real estate market as a market model for Islamic finance and joint financing of projects in France and countries in the Mediterranean and Africa.” Participants at the event also discussed all the possible legal procedures for issuance and exchange of Sukuk as well as some relevant experiences by companies outside France and ways of developing the French real estate market based on Islamic finance. --MORE
