KT Bank

KT Bank AG

Frankfurt am Main · Germany

AuthorisedCredit institutionSharia-compliant bank

A Sharia-compliant bank headquartered in Frankfurt am Main, Germany. Established in 2015, it holds a valid authorisation to operate and is supervised by ECB and BaFin.

Identity

Legal name: KT Bank AG
Legal form: Stock corporation (AG)
Entity type: Credit institution

Registration

IBAN country prefix: DE ?
Established: 2015
Registry: Handelsregister

Contact

Head office address: Frankfurt am Main, Germany
Official website: www.kt-bank.de

Supervision

Supervisor: ECB
Supervised by: BaFin
Authorisation status: Authorised

Scope of the authorisation

Taking deposits from the public
Granting credit
Investment services
Insurance distribution
Payment services

European passport

This authorisation may be exercised, on notification, in the following States.

See the 30 States covered

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Services

Banking services

Current accounts Savings accounts Payment cards Domestic and international transfers

Credit services

Personal loans Real estate financing Business loans

Sharia-compliant products

These products avoid interest, replacing it with sale, lease or partnership structures. The institution remains authorised and supervised under the same European rules as any other bank.

Murabaha (cost-plus sale): Asset bought by the bank and resold to the client at a disclosed markup, instead of an interest-bearing loan.
Ijara (lease financing): The bank owns the asset and leases it to the client, with ownership transferring at the end of the term.
Musharakah (partnership): Bank and client both contribute capital and share profit and loss in agreed proportions.
Sukuk (asset-backed certificates): Certificates giving the holder a share in a real asset and its returns, rather than a debt claim.
Wadiah (safekeeping deposit): Funds placed with the bank for safekeeping; any return is a discretionary gift, not a promised interest.
Takaful (mutual protection): Participants pool contributions to indemnify one another, an arrangement closer to mutual insurance than to a policy sold for profit.