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Kuwait Finance House’s Turkish operation, Kuveyt Turk, has applied for a German banking licence and aims to become the first Islamic bank in Europe’s largest economy, Chief Executive Ufuk Uyan told Reuters.
Kuveyt Turk - which issued a $350 million sukuk, or Islamic bond, last year - is waiting for a response from German financial watchdog BaFin, Uyan said. It hopes the application process will be completed next year………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Market Moves more
Kuveyt Turk aims to be Germany’s first Islamic bank-CEO
| Posted on 29 November 2012 |
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