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.


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