From Zawya.com: A top banker of Luxembourg a country famous for hosting international financial institutions has said that his country would welcome the establishment of Islamic banks.

“We had Islamic banking institutions in the seventies which discontinued its services and as for now there is no Islamic bank that operates in Luxembourg, but there is no prohibition to have a setup of such an institution, ” Yves Mersch, President of the Central Bank of Luxembourg, told KUNA in an interview…………Full Article: Source