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Islamic finance, another way open to everyone to manage their money

[CONTENU PARTENAIRE] Launched in 2018, the Lina structure offers Islamic financial solutions in France. Muslims can thus manage their money according to their ethics and beliefs. It is also intended for anyone looking for fairer and stronger financing. Explanations with Christophe Barthélémy, founder of Lina.

Can you introduce Lina in a few words?

Lina was originally a wealth management consulting firm specializing in Islamic finance. Of course, all our solutions are approved by the Autorité des marchés financiers (AMF) and validated in terms of Islamic ethics. Islamic finance is sometimes associated with ethical finance. Truth be told, there are similarities.

Sister Nicole Reille, helped by the financial company Meeschaert, is at the origin of the first ethical investment, made in France in 1983. At that time, she already refused to allow money to be invested in industries such as tobacco or alcohol. Islamic finance also excludes these activities (alcohol, tobacco, gambling, weapons, etc.). However, she adds to these prohibitions rules pertaining to Islamic ethics.

What kind of rules are we talking about?

Islamic ethics, for example, forbid riba, that is, interest derived from borrowed money. That means we cannot lend money and get profit in return, without assumption of risks or real investment in the economy. Also, we are not allowed to invest in conventional banks or traditional insurance companies.

How does Lina fit in with Islamic ethics?

Lina covers all the classic needs of wealth management: matrimonial regimes, inheritance rules, opening a bank account, investing money, obtaining financing… At Lina, all these operations are possible, because they are carried out accordance with Islamic ethics.

Why use your services?

This content was produced with SCRIBEO. The BFMBUSINESS editorial team was not involved in the production of this content.

Author: In collaboration with SCRIBEO
Source: BFM TV

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