France to learn from Saudi experience in Islamic banking

Jeddah: French academics have shown their keenness to make use of Saudi expertise and experience in Islamic banking and finance, said Saudi Ambassador to Paris, Muhammad bin Ismail Al-Asheikh.

The ambassador made this comment while holding a reception in Paris on the occasion of the launch of an academic chair titled “Financial morals and principles: Islamic banking as a model”, a media report said.

The chair is established in Sorbonne University as a joint research project of King Abdulaziz University (KAU) in Jeddah and the French university.

“Saudi Arabia is a good reference for Islamic banking and finance,” Arab News quoted the Saudi Ambassador.

He expressing hope that the chair would support French economy with new researches in Islamic finance.

He commended the role of Saudi businessmen in supporting such research projects in Saudi and foreign universities. The new chair is financed by Muhammad Hussein Al-Amoudi, a prominent Saudi businessman.

A large number of Saudi and French academics, economists and Islamic banking experts attended the ceremony in Paris, including Osama Tayeb, president of KAU and Professor Christine Mengin, vice chancellor of Sorbonne University.

http://www.ummid.com/news/2011/December/02.12.2011/france_on_islamic_banking.htm

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