KUALA LUMPUR : france is seeking Malaysia.s expertise to develop its Islamic finance system, its Economy, Industry and Work Minister Christene Lagarde said yesterday.
“Malaysisa is a big Islamic finance hub,” she said at a press conference here before a meeting with Bank Negara Malaysia’s governor Tan Sri Dr Zeti Akhtar Aziz.
“In Europe, London is currently the dominant centre of Islamic finance.
And I am interested to explore how and what are the condition and circumstances for france  to develop Islamic finance capabilities,” she told reporters.
Lagarde, now in the federal capital for the third time, said france hed already modified its tax regime as well as some of it legal provisions concerning the availability of trust in the country financial institutional.
“I want to explore whether that is efficient and what else we should do and what is acceptable in our system,” she said.
Lagarde also said that France would seek the central bank gevernor’s advice in relation to Islamic finance which Malaysia excelled.
She said that France hoped to be able to develop such expertise. -benama
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