Islamic Banks in France

11 November 2019

Consisting of about 340 banks, the banking sector of France is one of the main contributor to the country's GDP. While largest French banking groups operate according to universal banking model, there are also a lot of smaller banks with more narrow focus. For example, there are banks focused on providing their products and services to 4 million Muslims living in France (around 5.6% of total population) as well as business entities from Islamic countries. There are 16 banks originated from Islamic countries and 8 banks offering Sharia-compliant banking products. While most of these banks are more focused on corporate banking, others provides retail banking products as well.

List of Islamic Banks in France

There are 8 in France, providing Sharia-compliant banking products and services. Most of these banks are focused however on corporate banking products and services rather than on retail banking.

NameCountry of OriginBusiness FocusHas Retail Banking
ABC international bank plc Libyacorporate banking, Shariah banking
Bank Melli Iran Iran, Islamic Republic oftrade finance
Bank Saderat Iran Iran, Islamic Republic oftrade finance
Bank Sepah Iran, Islamic Republic oftrade finance
Blom bank France Lebanonuniversal banking
FIRST ABU DHABI BANK United Arab Emiratescorporate banking
Standard chartered bank United Kingdomcorporate and institutional banking
Standard Chartered Bank AG (new) United Kingdomcorporate and institutional banking
 

ABC international bank plc

Arab Banking Corporation (Bank ABC) was established in 1980 in Bahrain. Bank ABC operates internationally as ABC International Bank and provides retail and corporate banking and Islamic finance services to its customers in the Middle East and North Africa (MENA), Europe, the Americas and Asia. The bank's major shareholders are the Central Bank of Libya and Kuwait Investment Authority. ABC international bank plc operates as a branch of ABC INTERNATIONAL BANK PLC (United Kingdom).

Country of Origin
 Libya
Business Focus
corporate banking, Shariah banking
Company Number

Bank Melli Iran

Bank Melli Iran was established in 1928 and now is one of the largest banks in Iran. Bank Melli Iran operates as a branch of Bank Melli Iran (Iran, Islamic Republic of).

Country of Origin
 Iran, Islamic Republic of
Business Focus
trade finance
Company Number
712003771

Bank Saderat Iran

Established in 1952, Bank Saderat Iran (BSI) is the largest bank of Iran. Bank Saderat Iran operates as a universal bank on its domestic market and conducts selected operations internationally (for example, financing of international trade). Bank Saderat Iran operates as a branch of Bank Saderat Iran (Iran, Islamic Republic of).

Country of Origin
 Iran, Islamic Republic of
Business Focus
trade finance
Company Number
632036752

Bank Sepah

Established in 1925, Bank Sepah Iran is one of the largest banks of Iran. Bank Sepah Iran operates as a universal bank on its domestic market offering retail and corporate banking products and services. Bank Sepah Iran also conducts selected operations internationally (for example, financing of international trade, treasury services and syndicated loans). Bank Sepah operates as a branch of Bank Sepah (Iran, Islamic Republic of).

Country of Origin
 Iran, Islamic Republic of
Business Focus
trade finance
Company Number
309676658

Blom bank France

Founded in 1951, BLOM Bank is one of the largest banks in Lebanon. BLOM Bank operates as a universal bank offering products and services in the areas of commercial banking, corporate banking, private banking, investment banking, asset management, retail banking, Islamic banking, brokerage services, and insurance.

Country of Origin
 Lebanon
Business Focus
universal banking
Company Number
305635609

FIRST ABU DHABI BANK

National Bank of Abu Dhabi (NBAD) was established in 1968 and nowadays is one of the largest banks in the United Arab Emirates. National Bank of Abu Dhabi provides retail, private, corporate, investment and Islamic banking products and services in the United Arab Emirates and internationally. In 2017 National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have merged, establishing the largest bank in the UAE, First Abu Dhabi Bank. FIRST ABU DHABI BANK operates as a branch of National Bank of Abu Dhabi (United Arab Emirates).

Country of Origin
 United Arab Emirates
Business Focus
corporate banking
Company Number
314939547

Standard chartered bank

Founded in 1969, Standard Chartered Bank is one of the largest British banks. Standard Chartered Bank provides retail, private and corporate banking products and services. Standard Chartered also offers a wide range of Shariah-compliant financial products based on Islamic values. Standard chartered bank operates as a branch of Standard Chartered Bank (United Kingdom).

Country of Origin
 United Kingdom
Business Focus
corporate and institutional banking
Company Number

Standard Chartered Bank AG

Founded in 1969, Standard Chartered Bank is one of the largest British banks. Standard Chartered Bank provides retail, private and corporate banking products and services. Standard Chartered also offers a wide range of Shariah-compliant financial products based on Islamic values. Standard Chartered Bank AG operates as a branch of Standard Chartered Bank AG (Germany).

Country of Origin
 United Kingdom
Business Focus
corporate and institutional banking
Company Number

List of Banks from Islamic Countries

Out of 128 foreign-controlled banks operating in France, 16 banks represent Islamic countries. 5 banks provides retail banking products and services, while 11 are more focused on corporate banking.

NameCountry of OriginBusiness FocusHas Retail Banking
ABC international bank plc Libyacorporate banking, Shariah banking
Al Khaliji France Qatarretail and corporate banking
Attijariwafa bank europe Moroccobanking for Moroccan and Tunisian community
Bank Melli Iran Iran, Islamic Republic oftrade finance
Bank Saderat Iran Iran, Islamic Republic oftrade finance
Bank Sepah Iran, Islamic Republic oftrade finance
Bank Tejarat Iran, Islamic Republic ofretail banking
Banque Chaabi du Maroc Moroccobanking for Moroccan community
Banque Misr Egyptcapital markets services
BMCE Bank international plc Moroccocorporate banking
Europe arab bank PLC Jordancorporate and institutional banking
FIRST ABU DHABI BANK United Arab Emiratescorporate banking
Melli bank PLC (new) Iran, Islamic Republic ofcorporate banking
National bank of Pakistan Pakistancorporate banking
NBK France SA Kuwaitcorporate banking
Qatar national bank Qatarcorporate banking
 

ABC international bank plc

Arab Banking Corporation (Bank ABC) was established in 1980 in Bahrain. Bank ABC operates internationally as ABC International Bank and provides retail and corporate banking and Islamic finance services to its customers in the Middle East and North Africa (MENA), Europe, the Americas and Asia. The bank's major shareholders are the Central Bank of Libya and Kuwait Investment Authority. ABC international bank plc operates as a branch of ABC INTERNATIONAL BANK PLC (United Kingdom).

Country of Origin
 Libya
Business Focus
corporate banking, Shariah banking
Company Number

Al Khaliji France

Al Khaliji Bank offers a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Country of Origin
 Qatar
Business Focus
retail and corporate banking
Company Number
309033066

Attijariwafa bank europe

Established in 2006, Attijariwafa Bank is focused on providing innovative financial solutions to Moroccan and Tunisian community living in Europe and facilitating trade between European and North and West African companies. Attijariwafa Bank provides retail and corporate banking products and services.

Country of Origin
 Morocco
Business Focus
banking for Moroccan and Tunisian community
Company Number
485031181

Bank Melli Iran

Bank Melli Iran was established in 1928 and now is one of the largest banks in Iran. Bank Melli Iran operates as a branch of Bank Melli Iran (Iran, Islamic Republic of).

Country of Origin
 Iran, Islamic Republic of
Business Focus
trade finance
Company Number
712003771

Bank Saderat Iran

Established in 1952, Bank Saderat Iran (BSI) is the largest bank of Iran. Bank Saderat Iran operates as a universal bank on its domestic market and conducts selected operations internationally (for example, financing of international trade). Bank Saderat Iran operates as a branch of Bank Saderat Iran (Iran, Islamic Republic of).

Country of Origin
 Iran, Islamic Republic of
Business Focus
trade finance
Company Number
632036752

Bank Sepah

Established in 1925, Bank Sepah Iran is one of the largest banks of Iran. Bank Sepah Iran operates as a universal bank on its domestic market offering retail and corporate banking products and services. Bank Sepah Iran also conducts selected operations internationally (for example, financing of international trade, treasury services and syndicated loans). Bank Sepah operates as a branch of Bank Sepah (Iran, Islamic Republic of).

Country of Origin
 Iran, Islamic Republic of
Business Focus
trade finance
Company Number
309676658

Bank Tejarat

Established in 1979, Bank Tejarat is an Iranian bank, offering retail banking services.

Country of Origin
 Iran, Islamic Republic of
Business Focus
retail banking
Company Number
323402636

Banque Chaabi du Maroc

Banque Chaabi du Maroc was established in 1972 and is a member of the largest banking group in Morocco, the Groupe Banque Populaire. Chaabi Bank in Europe offers retail and corporate banking products and services to the Moroccan community living in Europe. Banque Chaabi du Maroc is the head bank of Groupe Banque Populaire (Morocco).

Country of Origin
 Morocco
Business Focus
banking for Moroccan community
Company Number
722047552

Banque Misr

Established in 1920, Banque Misr is a Egyptian bank, specialized in providing capital markets services and SMEs financing solutions.

Country of Origin
 Egypt
Business Focus
capital markets services
Company Number
328961826

BMCE Bank international plc

BMCE Bank International is a Moroccan bank specializing in corporate banking. BMCE Bank International offers a wide range of products and services to facilitate foreign trade between Europe and Morocco, other countries of Maghreb and Arab World. BMCE Bank international plc operates as a branch of BMCE Bank International Plc (United Kingdom).

Country of Origin
 Morocco
Business Focus
corporate banking
Company Number

Europe arab bank PLC

Europe Arab Bank is part of Arab Bank Group, the group has a global network of branches across five continents. Europe Arab Bank provides corporate and institutional, private banking and treasury products and services. Europe arab bank PLC operates as a branch of EUROPE ARAB BANK PLC (United Kingdom).

Country of Origin
 Jordan
Business Focus
corporate and institutional banking
Company Number

FIRST ABU DHABI BANK

National Bank of Abu Dhabi (NBAD) was established in 1968 and nowadays is one of the largest banks in the United Arab Emirates. National Bank of Abu Dhabi provides retail, private, corporate, investment and Islamic banking products and services in the United Arab Emirates and internationally. In 2017 National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have merged, establishing the largest bank in the UAE, First Abu Dhabi Bank. FIRST ABU DHABI BANK operates as a branch of National Bank of Abu Dhabi (United Arab Emirates).

Country of Origin
 United Arab Emirates
Business Focus
corporate banking
Company Number
314939547

Melli bank PLC

Melli Bank PLC is a wholly owned subsidiary of Bank Melli Iran. Melli Bank offers products and services in the areas of corporate banking, trade finance and treasury.

Country of Origin
 Iran, Islamic Republic of
Business Focus
corporate banking
Company Number

National bank of Pakistan

National Bank of Pakistan (NBP) was established in 1949. National Bank of Pakistan offers a full range of banking products and services to both private and public sectors and also acts as an agent of Pakistan's Central Bank for its treasury functions, taking taxes and other government revenues. National bank of Pakistan operates as a branch of National Bank of Pakistan (Pakistan).

Country of Origin
 Pakistan
Business Focus
corporate banking
Company Number
303433031

NBK France SA

Incorporated in 1952, National Bank of Kuwait provides banking products and services to individuals, corporate and institutional clients mainly of the Gulf region. NBK France SA operates as a branch of National Bank of Kuwait (International) plc (United Kingdom).

Country of Origin
 Kuwait
Business Focus
corporate banking
Company Number

Qatar national bank

Qatar National Bank (QNB) was founded in 1964 and now is one of the largest banks in the Middle East. Qatar National Bank operates as a universal bank providing retail, private, corporate and investment banking products and services. Qatar national bank operates as a branch of Qatar National Bank S.A.Q. (Qatar).

Country of Origin
 Qatar
Business Focus
corporate banking
Company Number
314258120

See Also