Germany seeks Islamic finance
On November 2, 2009 · In Germany, Islamic Economics, Islamic Finance, Islamization, Sharia Products, Shariah Finance
Germany wants to establish itself as a market for financial products that conform with Islamic law, the head of German financial regulator has said. “We are seeing great interest from investors in Islamic countries, who want to invest their money in Germany according to shariah principles,” BaFin president Jochen Sanio said at a conference on Islamic finance in Frankfurt recently.
BaFin is the German Federal Financial Supervisory Authority, which has regulatory authority over 2,700 banks, 800 investment firms and 700 insurance companies.