First Islamic bank to be established in Germany

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…

Share Button
Read More

    Shari’a banking comes to Germany

    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….

    Share Button
    Read More