SWITZERLAND - BANKING - In Zurich opens the Islamic Bank of Switzerland

www.ticinolive.ch - The business newspaper Bilan in Zurich announces the opening of the Islamic Bank of receipient (IBS).
The institution will apply the rules of Islamic finance, mainly taken no interest on loans and investments are justified on social awareness. (source)

Its shareholders are citizens of Qatar.
The first Islamic bank in Switzerland, the Faisal Bank was opened in Geneva in 2006.

A Zurigo apre la Islamic Bank of Switzerland

Il giornale economico Bilan annuncia l’apertura a Zurigo della Islamic Bank of Switzerland (IBS).
Nell’istituto verranno applicate le regolamentazioni della finanza islamica, principalmente nessun interesse prelevato sui prestiti e investimenti giustificati da una consapevolezza sociale.
I suoi azionisti sono cittadini del Qatar.
La prima banca islamica in Svizzera, la Faisal Bank, era stata aperta a Ginevra nel 2006.

Source :  http://www.ticinolive.ch/economia/a-zurigo-apre-la-islamic-bank-of-switzerland-25731.html - Oct 19, 2011 - google translate