The wedding hall at the Umraniye district of Istanbul now sports a Golden Kiosk, installed by Kuveyt Turk, a participation bank that operates in accordance with Islamic lending rules.
Launched in May, the kiosk offers grams of gold to credit-card holders. Thus, wedding guests will no longer be able to say that they have forgotten to bring gold for the newlyweds – a traditional gift that helps support families.
The Golden Kiosk operates at four wedding halls – three of which are in Istanbul – but the format will spread soon, according to a press release from Kuveyt Turk.
Thanks to such innovative ideas, Kuveyt Turk has an 11% market share in gold banking; some 70,000 customers have gold accounts with the bank.
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