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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic bank enters Germany

Posted on 26 April 2010

From Arabnews.com: The European Union’s largest and strongest economy, Germany, is finally edging toward facilitating Islamic finance in its jurisdiction. Germany has a Muslim population of 4.3 million, the second largest Muslim population in the EU after France with 5.5 million.

Reports from Germany stress that the country’s banking regulator, the Federal Financial Services Authority (BaFin), has issued a limited banking license to Kuveyt Turk Participation Bank, one of Turkey’s four so-called participation (Islamic) banks…………………………………..Full Article: Source

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