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Germany has an Islamic bank now

Germany now has a full-fledged Islamic bank. KT Bank, owned by Kuveyt Turk, the largest Islamic banking company in Turkey, owns KT Bank, now offers full range of banking services in accordance with the laws of Sharia. The bank has also opened its affiliates in Mannheim and Berlin and plans to reach Cologne, Hamburg and Munich shortly. Among 4.5 million Muslims residing in Germany, 21% are ready to use the services of an Islamic bank, according to an official of Kuveyt Turk Bank. However, KT Bank will focus not only Muslims in the country, but will target the whole population.

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