Turkey's Kuwait Finance House get Shariah license for Germany

The license will allow KFH-Turkey to introduce Sharia-compliant banking services.

Turkey's Kuwait Finance House get Shariah license for Germany

 

World Bulletin / News Desk

Islamic lender Kuwait Finance House (KFH) said its Turkish unit has obtained a licence to operate in Germany and will be opening a financial services branch in Mannheim.

"The new branch in Mannheim aims to cover the financial requirements of a wide customer base in the German market, especially since there is a growing demand for Islamic services and products," the bank said.

KFH-Turkey plans to open more branches in Germany and expand into other European countries, it said.

The license will allow KFH-Turkey to introduce Sharia-compliant banking services.

KFH-Turkey, which currently has a 113 branch network offering banking, commercial, and investment services in various Turkish town and cities, intends to expand its network to 125 branches.

Last Mod: 13 Eylül 2009, 12:38
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