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

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  • Ghassen Bouslama

Abstract

[eng] 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. [fre] Faisant preuve d’une résistance vigoureuse lors de la crise financière actuelle, le secteur de la finance islamique continue d’enregistrer une croissance soutenue. En effet, les banques islamiques sont plus faiblement exposées au risque qu’ont engendré les crédits subprimes que les établissements « conventionnels ». Bénéficiant d’un afflux continuel des pétrodollars et du rapatriement de certains de ces capitaux après le 11 septembre, la région du Golfe présente aujourd’hui une concentration d’importante liquidité. Ceci fait l’objet de convoitise et soulève la question des possibilités d’attirer ces capitaux sur la place de Paris. Ainsi, depuis peu de temps, au vu des difficultés de certains établissements de crédit à financer l’économie et des problèmes de liquidités entre les banques, les interrogations sur la position de la France par rapport à la finance islamique sont devenues omniprésentes. Cet article analyse les avancées, les défis et les opportunités qu’offre ce secteur en France et souligne que certaines banques françaises y sont déjà très actives, analyse les lignes de métiers et l’expertise développée par elles en dehors du territoire français. Cette étude met en exergue les prouesses de ces banques qui sont parfois leaders sur certains domaines de la finance islamique. . Classification JEL : G20, G10.

Suggested Citation

  • Ghassen Bouslama, 2009. "La finance islamique : une récente histoire avec la France, une longue histoire avec ses banques," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 325-350.
  • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_num_95_2_5361
    DOI: 10.3406/ecofi.2009.5361
    Note: DOI:10.3406/ecofi.2009.5361
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    References listed on IDEAS

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    1. El-Gamal,Mahmoud A., 2009. "Islamic Finance," Cambridge Books, Cambridge University Press, number 9780521741262.
    2. Olivier Pastré & Krassimira Gecheva, 2008. "La finance islamique à la croisée des chemins," Revue d'Économie Financière, Programme National Persée, vol. 92(2), pages 197-213.
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    More about this item

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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