1 Bank Sal. Oppenheim jr & Cie (Switzerland) AG
2 SwissLux Selective Corporation Schweiz AG
3 Habib Bank AG Zurich
4 Shirkan Finance Ltd
5 Faisal Private Bank
6 Swiss Islamic Banking
Trading
List of Islamic Banks in Switzerland
Published by Gbaf News
Posted on April 3, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Switzerland has no fully standalone Islamic retail banks; services are offered via Islamic windows within traditional banks.
- Habib Bank AG Zurich operates ‘Sirat Islamic Banking’, a Sharia‑compliant window based in Zurich.
- Faisal Private Bank was the first fully Islamic private bank in Switzerland, launched in Geneva in 2006, but later converted to a family-office and relinquished its banking licence.
- Other Swiss institutions like Lombard Odier, Julius Baer, UBS offer Sharia‑compliant investment solutions, though not full Islamic banking services.
- ‘Islamic banking’ in Switzerland is primarily niche, focused on private banking and wealth offerings rather than mass retail operations.
References
Frequently Asked Questions
Are there fully Islamic retail banks in Switzerland?
No, there are currently no standalone Islamic retail banks licensed in Switzerland; Islamic banking is offered via windows within conventional banks or focused on wealth services.
What Islamic banking services does Habib Bank AG Zurich offer?
Habib Bank AG Zurich offers Sharia‑compliant services under its ‘Sirat Islamic Banking’ brand, including accounts, financing and trade finance in Zurich.
What happened to Faisal Private Bank?
Faisal Private Bank launched in Geneva in 2006 as the first Islamic private bank in Switzerland, but in 2012 it became a family‑office and gave up its banking licence.
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