Abstract
Nowadays, the Islamic Banking System is not only limited to Islamic countries, but has also increased in popularity in Western countries, especially in the United Kingdom and in the United States of America (cf. Schuster 2013, p. 3). Those countries have not only perceived the increasing trend, but also realized the potential of Islamic Banking and became one of the hotspots of Islamic Banking in the Western world (cf. Schuster 2013, p. 4; Karl 2012, p. 1 f.; Wentler 2012, p. 5; Geilfuß 2009, p. 1 f.).
Besides that, Europe came more and more into the focus of Muslim people and thus grew up to an area with a considerable large Islamic population, especially Germany with more than 4 million Muslim inhabitants becoming increasingly important for the economic situation in Europe (cf. and hereinafter Geilfuß 2009, p. 2 et seqq; Chaboune and El‐Mogaddedi 2008, p. 33; Zerth/Kiepe/Mittendorf, p. 19 et seqq.). However, according to those facts, it is questionable why the German finance industry has not taken any action to implement the way of Islamic Banking yet. Furthermore, after the financial crises in 2008, a remarkable demand for alternative banking products and banking systems with ethical features is perceptible in Germany (cf. Abidemi 2015, p. 35 et seqq.).
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Elsner, A., Kleinert, T., Strebel-Nelson, H. (2018). Islamic Banking 101: Turkish Banks in Germany. In: Bakırcı, F., Heupel, T., Kocagöz, O., Özen, Ü. (eds) German-Turkish Perspectives on IT and Innovation Management. FOM-Edition(). Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-16962-6_20
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