Kuwaiti Turkish Banking Firm Aims to Become First Shariah Bank in Germany

Shariah Finance Watch - 29 November 2012

Kuwait Finance House’s Turkish operation, Kuveyt Turk, has applied for a German banking licence and aims to become the first Shariah-compliant bank in Germany. The bank says that if their German venture is successful, they will expand to other European countries.

Note that the bank aims to pursue non-Muslim depositors in Germany… (continue reading...)