29.11.2012 - Kuveyt Turk aims to be Germany's first Islamic bank-CEO
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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