KT Bank AG
Now there is a bank that shares your values.
The KT Bank AG is the first bank in Germany and the Eurozone which introduced comprehensive financial products and services according to the ethical, sustainable and transparent Islamic banking principles. We are pioneers of an unique business model and we welcome retail and corporate customers of all world views. Our mission is to become the leading socially responsible and first choice house bank for the Muslim community as well as for all customers who are interested in ethical investments.
Our headquarters are in Frankfurt/ Germany. We are a wholly owned subsidiary of the Turkish Kuveyt Türk Participation Bank headquartered in Istanbul. Kuveyt Türk has been laying groundwork in Germany since 2004, with a German branch explaining who we are, what Islamic banking is and acting as pioneers. In 2010, we entered the market and were granted, by the Federal Financial Supervisory Authority (BaFin), a license for non-EEA deposit broking. Then in March 2015, after having applied in 2012, the BaFin granted KT Bank AG a full banking license under German law for the provision of deposit and credit business in Germany. KT Bank is also a member of the “Entschädigungseinrichtung deutscher Banken GmbH” (EdB), which secures our clients’ deposits up to € 100,000. On July 1st, 2015, we started business in our branches in Berlin, Frankfurt und Mannheim. We are set to expand with new branches in Cologne and Munich. Pursuant to the establishment phase in Germany, we plan to offer Islamic banking products in other countries of Continental Europe.
Kuveyt Türk Katılım Bankası A.Ş.
The KT Bank AG is a subsidiary of the Kuveyt Türk Participation Bank which was established in 1989 in Istanbul. Kuveyt Türk Participation Bank A.Ş. is leading the Islamic banking market in Turkey for more than 27 years. Kuveyt Türk’s shareholders include the Kuwait Finance House, the most important finance house in the Gulf region (62 percent) and the Turkish General Directorate of Foundations (18 percent). Due to its high popularity of products and services, its activities on an international level, the use of sophisticated information technology and sustainable growth figures, Kuveyt Türk has maintained its leading position among the participation banks since the beginning. Kuveyt Türk offers tailor-made financial solutions with its innovative products and services in international banking, retail banking, mobile banking, Internet banking, gold products-based banking and in SME banking areas. Kuveyt Türk Participation Bank operates its 385 branches throughout Turkey as well as a branch office in Bahrain and a subsidiary in Dubai. Kuveyt Türk Participation Bank has currently about 5,415 employees. Shareholders’ equity stands at 3.2 billion Turkish lira and paid-in capital is 2.5 billion Turkish lira.
Kuveyt Türk Participation Bank is Kuwait Finance House‘s first bank subsidiary outside the Gulf region.
Further information: www.kuveytturk.com.
Kuwait Finance House
The Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic finance or Shari’a-compliant banking. KFH is the first Islamic bank established in 1977 in the State of Kuwait and today it is one of the foremost Islamic financial institutions in the world. KFH (KSE: KFIN) is a publically listed company on the Kuwait Stock Exchange (KSE). KFH has steadily managed to expand its business and achievements to lead the Islamic banking industry and become a pioneer financial establishment, not only in the Islamic banking industry, but also in the banking sector as a whole, besides being one of the biggest lenders in both the local and regional markets. KFH provides a wide range of Islamic banking products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking and is available in Kuwait, Kingdom of Bahrain, Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Malaysia, and in Germany. KFH’s largest shareholders include: Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), The Public Institution for Social Security (Indirect).
Further information: www.kfh.com.