Excerpt:

Banks that conform to Islamic financial practice are on the rise among Germany's Muslim population of around five million, a spokesman for KT Bank, a subsidiary of an Istanbul-based bank, said in Cologne on Friday.

"We are on course and have attained our targets for 2017," Ferhat Aslanoglu said.

"KT Bank was the sole financial institution in the eurozone basing its transactions on Islamic practice," he said. The bank began operations in Germany two and a half years ago with branches in Frankfurt, Mannheim, Berlin and Cologne.

The bank began operations in Germany two and a half years ago with branches in Frankfurt, Mannheim, Berlin and Cologne.


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