Technology
Vantex Bank AG extends instant payments and strong customer authentication
The rollout follows the PSD2 framework and the EU instant payments rules, with no change to the institution's authorisation status.
Vantex Bank AGSource : BaFin
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Vantex Bank AG is a European universal bank headquartered in Frankfurt am Main and a wholly owned subsidiary of First Abu Dhabi Bank. It specialises in Sharia-compliant financing for individuals, businesses and real estate. Authorised by BaFin and passported across the EEA, it operates through branches in France and Luxembourg.
Identity
- Legal name
- Vantex Bank AG
- Legal form
- Stock corporation (AG)
- Entity type
- Credit institution
- Trading names
- Vantex Bank · Vantex Islamic Banking
- Parent company
- First Abu Dhabi Bank P.J.S.C. (100 %)
Registration
Contact
- Head office address
- Taunusanlage 12, 60325 Frankfurt am Main
- Telephone
- +49 69 1234 5678
- Official website
- vantex-bank.com
- Regional contact — France
- france@vantex-bank.com
Supervision
- Supervisor
- BaFin
- Authorisation status
- Authorised — June 14, 2018
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 17 States covered
Services
Credit services
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.
Regulatory framework
- Deposit guaranteeCompliant
- PSD2 payment servicesCompliant
- MiFID II investment servicesCompliant
- PSD3 (in preparation)To be confirmed
- Sanctions screeningNo entry recorded
- AML / KYCCompliant
- GDPRCompliant
Deposits covered up to €100,000 per depositor by the national scheme
Group structure
- Parent company
- First Abu Dhabi Bank P.J.S.C.
- Branches — France
- Vantex Bank SA — Succursale France · Paris · ACPR
Reference with the supervisor : 18432
Address declared to the supervisor : Taunusanlage 12, 60325 Frankfurt am Main, Germany - Branches — Luxembourg
- Vantex Bank (Luxembourg) S.à r.l. · Luxembourg · CSSF
How services are delivered
Services are provided remotely, with documents signed electronically.
Certifications
Sharia Board Certification
Issued by International Islamic Financial Board · Valid until December 31, 2025
Activities
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