Germany: First Islamic bank to open in early 2010
On January 4, 2010 · In "Ethical Investment", Creeping Shariah, Europe, European Union, Germany, Islamic Banking, Islamic Law, Islamization, Sharia Compliant, Shariah Banking, Shariah Finance, Turkey
As we reported here on October 27th and November 2nd of 2009, the first Shariah-Compliant bank will soon open in Germany.
Germany’s first Islamic bank, a unit of Kuveyt Turk Bank of Turkey, is to open its doors in early 2010 in the southern city of Mannheim by the end of March. Germany has a large Turkish immigrant and expatriate community and evidently Mannheim is a center for that population.