Institute for Islamic Banking and Finance (IFIBAF)
Islamic Banking Knocks Germany’s Doors
Mon, 2012-09-03 10:38 — newsdeskAccording to plan the Turkish investment fund Kuveyt Turk will open the first Islamic bank in Germany this October. They sustain the hopes to overcome the euro crisis and to profit from successful Islamic banking. In contrast with highly speculative financial management which caused the ongoing euro crisis, the Islamic bank shall offer only transactions backed by tangible assets.
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