‘Finance Conventionnelle & Finance Islamique’ seminar in Paris

September 27, 2010 - Kuwait-based banking software provider, Path Solutions together with Hiram Finance, a leading French consulting firm within the financial services sector organized on September 22 in Paris the ‘Finance Conventionnelle & Finance Islamique’ seminar which provided an overall view on the fastest growing retail and asset management segments in France and the latest development involving the practical and operational aspects of Islamic financing i.e. Sharia, accounting and legal.

The seminar opened with keynote speeches given by representatives of Paris Europlace and Baker & McKenzie on the legislative and regulatory structure governing the financial services industry in France and the latest government’s proposals for reform.

“This private seminar targeted financial institutions with potential interest in strategic advisory services and Islamic banking software for increasing their competitiveness and productivity and to accelerate innovation”, commented Rosie Kmeid, Head of Corporate Communications & Marketing at Path Solutions. “There is a strong potential for Islamic finance in France, but key obstacles persist. Nonetheless, France enjoys the necessary advantages to develop in the near future a thriving market for innovative Islamic banking products”.

The ‘Finance Conventionnelle & Finance Islamique’ seminar was attended by about 40 participants, among them representatives from the French government, senior bankers, IT experts and academics.