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Aa Islamic Trade

In: Business and Management

Submitted By zelly12
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Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of Sharia. The Frankfurt-based bank, called KT Bank AG, is owned by Kuveyt Turk, the largest Islamic banking institution in Turkey.
Our bank is in Frankfurt am Main, Istanbul Kuwait Turkish Participation Bank Inc. a 100% subsidiary. Kuveyt Turk, has opened its first representative office in Germany in 2004. It made significant efforts in this time and introduce Islamic banking to the public awareness of ethical and social values. In 2010, the "Third Country Investment Brokerage" entered the German market with a license. Kuwait Turkish Participation Bank, in October of 2012 to get a bank license to the German Supervisory Authority [Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)] filed an application. the necessary licenses to be able to collect deposits and provide loans granted in December 2014. Thus, German law the provisions of the Investment Bank to enter KT Lender status, the German Bank for Savings Deposit and Insurance Fund [Entschädigungseinrichtung deutscher Banken GmbH (EDB)] has been a member. Since July 1, 2015 KT perform banking transactions Bank AG Berlin branch has opened in Frankfurt and Mannheim. We planned future branches will be opened in Cologne and Munich. It is also considered as well as the opening of a branch in Hamburg. In other European ülkelerindede serve their Islamic banking products according to KT Bank AG are among the long-term plans.
"Islamic / Muslim appropriate banking / Islamic Banking" refers to the base of the banking and financial affairs of the Islamic religion, values and the obligations of the responsibility in the sense of making accordingly.
This means that, given the money lent money at interest ( "Riba"), all kinds of jobs with gambling character ( "Mays") and investing in jobs not conform to…...

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