www.yenisafak.com.tr - Director General of Kuwait Turkish Horizon Wake up, demand for interest-free banking in the field believe to be an important stage in Germany said, a full application for a banking license. In Frankfurt, Germany, organized by the German banking regulatory and supervisory agency BaFin 2 Involved to make the opening speech of the Conference of Islamic Finance, wake up and practice the basic principles of interest-free banking model mentions the provision of interest-free banking model tested in crisis and who support the real economy and the remarkable success of a system that stands out from being too closely related to speculation, he said. (source)
Showing posts with label bafin. Show all posts
Showing posts with label bafin. Show all posts
Tuesday, 15 May 2012
Monday, 28 March 2011
BANKING - Kuveyt Turk epitomizes optimism of participation banking sector
Published: Mar 28, 2011 00:07
Kuveyt Turk Participation Bank (KTPB), a subsidiary of the Kuwait Finance House (KFH), one of the pioneers of global Islamic finance, is a leading Turkish participation (Islamic bank). While Turkish participation banks in general are deemed to be conservative and cautious, KTPB has set the tone by venturing abroad into Germany, Dubai, Bahrain and Kazakhstan and by pioneering new products based on physical gold and exporting them to markets in Malaysia and elsewhere through the global network of KFH. These include gold-backed exchange traded funds (ETFs), gold-backed banking accounts and sukuk. Ufuk Uyan, CEO of Kuveyt Turk Participation Bank, a doyen of Turkish Islamic banking, has been at the forefront of the expansion of KTPB, taking it to the top 10 tier of Turkish banks. Here Ufuk Uyan discusses with Arab News the state of the participation banking sector in Turkey, the performance of KTPB in 2010 and the prospects and challenges for the industry in 2011 and beyond. (full story)
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