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News and Analysis on Islam in Europe and North America

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First Islamic bank to be established in Germany

December 19, 2009December 24, 2009 researcher

Opportunities will increase for German Muslims to invest their money in a “halal” way. So far, Islamic banking is not available in Germany, although well established in the UK, where there is a smaller Muslim population. Now the banking supervision Bakin recently organized a conference on Islamic banking, and the first licence has been given

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Shari’a banking comes to Germany

October 22, 2009October 26, 2009 researcher

Germany’s Muslims are finally getting a bank offering financial products that comply with Shari’a law. It is a market worth billions, and one that many major banks around the world have long discovered. There are four million Muslims living in Germany. They eat, drink and pray in accordance with the precepts of the Prophet Muhammad.

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