FRANCE ISLAMIC BANK WITHOUT INTEREST

In France, A Sharia-compliant bank would give them access to halal mortgages, business finance, and ethical savings, ensuring that they can participate fully in the financial system without compromising their faith; it would also build trust and inclusion, making the French banking sector more reflective of its diverse society.

France is home to the largest Muslim population in Europe, estimated at around 5–6 million people. Many French Muslims face difficulties accessing conventional banking because interest-based products conflict with their religious beliefs.

Is there an Islamic bank in France ?

No, there is no Islamic bank in France at least no fully-fledged Islamic retail bank operating in the country like thosein the UK or Gulf countries; instead, services are limited and primarily focused on corporate or trade finance.

However there are Islamic finance offerings in France, covering various Sharia-aligned instruments available through different institutions:

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Islamic Financial Offerings in France

1. Corporate Islamic Finance Services

While France currently lacks full-fledged Islamic retail banks, there are institutions that provide Sharia-compliant corporate finance. These include trade financing, Sukuk structuring, and advisory services.

2. Islamic Deposit Schemes

France has introduced Islamic deposit products via “Islamic windows” within conventional banks. These allow customers to open accounts that adhere to Sharia principles, avoiding interest.

3. Halal Savings & Investment Funds

Several Sharia-compliant investment funds (UCITS) have been established, including real estate and Murabaha-based instruments. These funds facilitate ethical investing aligned with Islamic values.

4. Islamic Insurance (Takaful) Products

France has also seen the creation of Takaful-style insurance products, including life insurance and savings contracts developed since around 2011. These products operate on mutuality, transparency, and non-interest-based structuring.

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LIST OF ISLAMIC GLOBAL BANKS WITH PRESENCE IN FRANCE

Here’s a updated list of international Islamic banks with a presence in France, even if only through branches or subsidiaries. Note that most cater to corporate and institutional banking, with limited direct retail services:

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Islamic Banks Operating in France

• Union de Banques Arabes et Françaises (U.B.A.F.)
  A French-based institution providing Islamic finance, trade finance, syndication, treasury services, and even retail deposits.
• First Abu Dhabi Bank (formerly NBAD)
  A major UAE bank with an established presence in France. It offers a full range of services—including Islamic banking through its subsidiary—primarily serving corporate and investment clients.
• Standard Chartered Bank AG (Germany branch)
  Part of the UK-based bank group providing Shariah-compliant products, with operations in France via its German branch. Focuses on institutional banking.
• Bank Tejarat (Iran)
  Operates in France, offering retail banking services, including Shariah-compliant financing.
• Banque Misr (Egypt)
  The Egyptian Islamic bank maintains a branch in France, focusing on corporate and Islamic finance services.
• Al Khaliji France (Qatar Islamic Bank)
  Offers retail and corporate Islamic banking through its subsidiary in France.
• Arab Banking Corporation (Bank ABC)
  Multi-national bank from Libya, offering Islamic finance through its operations in France, largely focused on corporate clients.
• Additional Banks of Islamic Origin
  Other banks from Islamic-majority countries with some operations or branches in France include:
  • Attijariwafa Bank Europe (Morocco)
  • Bank Melli Iran
  • Bank Saderat Iran
  • Banque Chaabi du Maroc
  • Banque Misr (Egypt)

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