The bank’s core business is investment banking. If you like, we will be pleased to explain the advantages of our products and services in a personal conversation. Deutsche Bank AG Germany: HSH Nordbank Ag: ICICI Bank UK PLC: ING BHF-Bank Aktiengesellschaft: JPMorgan Chase Bank: Korea Exchange Bank (Deutschland) AG: ... Jordan Islamic Bank for Finance & Investment: SAFWA Islamic Bank: K.S.A: Al-Rajhi Banking & Investment Corporation. The Frankfurt-based bank, called KT Bank, is owned by Kuveyt Turk, the largest Islamic banking institution in Turkey. Investing in businesses that provide goods or services considered contrary to Islamic principles, like those involving alcohol, pork, gambling, arms and tobacco, among others, is also prohibited. Deutsche BankNatural World Industrial GroupABC International Bank plcThe Bank of Tokyo-Mitsubishi UFJ, Ltd. Share on FacebookShare on TwitterShare on Linkedin List of Islamic Banks in Germany Deutsche BankNatural World Industrial GroupABC International Bank plcThe Bank of … Islamic. KT Bank was once again awarded the title “Most Innovative Islamic Retail Bank in Europe 2020” at the Islamic Retail Banking Awards (IRBA). The Islamic Financial Services Board (IFSB) predicts further growth. Germany's first Islamic bank opens in Frankfurt Germany, home to 4 million Muslims, just got its first lender that adheres to Sharia law. If you don’t want to bank with a private German bank or international bank in Germany, you can choose to open up an account with one of the many cooperative banks or public savings banks. The main shareholder of KT Bank AG’s parent bank Kuveyt Türk is the Kuwait Finance House, which was founded in 1977 as first Islamic bank in the State of Kuwait. He is also sure that Islamic banking is not interesting for non-Muslims. The moral requirement for traders was a charitable and benevolent market participation. With the introduction of the pillars of Islam and the belief in an afterlife, economic and social responsibility grew. There are more than 500 Islamic financial institutions in more than 70 countries, which administer estimated assets of more than 2 trillion USD. According to Casper, the only Islamic bank in Germany has about as many customers as a small to medium-sized Volksbank. The client pays the total amount back to us conveniently in manageable instalments. The prohibition of interest („riba“), speculation („maysir“) and intransparency („gharar“) ensured that trading did not cause damage to society. Founded in 1870, Deutsche Bank is the largest of the banks in Germany and one of the top banking and financial services companies in the world, with an extensive presence in Europe, the Americas, the Asia-Pacific region, and many emerging markets. Banque Islamique de Guinee : India: Al Ameen Islamic Financial & Investment Corp. (India) Ltd., Karnatka . Visit us at our branches in Frankfurt, Mannheim, Berlin, Cologne and Munich. Islamic banking as an ethical alternative | Made in Germany In 1975, the Islamic Development Bank in Jeddah and the Dubai Islamic Bank were founded. When Mit Ghamr loaned money to businesses, it … Trading. The KT Bank AG is not lending money conventionally, but financing real goods. Frankfurt: Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of Sharia. Trading. Despite the absence of Islamic Banks in Germany, various conventional German banks, such as the Deutsche Bank, Unicredit (at that time still known as Hypo- Vereinsbank), or the insurance company Allianz have offered Islamic Banking through branches or subsidiaries in different Arabic countries, mainly located in the Gulf States. Every transaction is asset-backed and thus supports the real economy. Sole market groundbreaker KT Bank was gr… Turkey’s Kuveyt Turk investment fund plans to open the first Islamic bank in Germany in October 2012, Financial Times Deutschland reported on Wednesday. And so is our multifaceted product portfolio for retail and corporate customers. At the same time, they meet generally accepted ethical norms, which renders our services an attractive option for all value-aware people. Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of Sharia. The €100 million Ijarah sukuk (Islamic sale-and-leaseback debt instrument) was fully redeemed in 2009. Germany’s first Islamic bank opens for business. Traditional banking sector the total amount back to us conveniently in manageable instalments by traders at the very of. All value-aware people Shariah compliant products in its early stages India ) Ltd., Karnatka pays the assets... 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