As the report in Libération notes, some experts prefer to call it "Shariah-compliant investing." Having nothing to do with religious fundamentalism or the funding of terrorist activities, "Islamic banking" focuses on banking practices that are compliant with the Koran. Now enjoying major growth, this market is attracting more and more interest from western banks and universities. Now the French daily reports that next November will see the launch of a professional Master 2 post-graduate course on "the principles and practices of Islamic banking at Paris-Dauphine University." The programme will include topics such as market regulation within the framework of Islamic banking, contract types in Muslim law and the global distribution of Islamic capital," reports Libération. It further observes that the prohibition of interest on loans is one of the financial caveats in the Shariah. Of the 35 students already enrolled, thirty are French, Belgian, German, and Swiss nationals with backgrounds in commercial law and finance.
France
An Islamic banking diploma in Paris
11 August 2009
Presseurop
Libération 
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