Albaraka Türk was founded in 1984 in

Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

and began actively serving in 1985 and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu. It is now known as the first Participation Bank in

. It has been founded under the guidance of the strong capital groups in the Middle East, Al Baraka Group B.S.C., Islamic Development Bank (IDB) and another industry group serving the Turkish economy for more than a half century, Al Baraka Turk continued operating in Turkey in compliance with the 5411 Banking Law. As of 30.06.2021, in our partnership structure, the share of the foreign partners is 60,87%, the share of the local partners is 0,72% and the share open to public is 38,41%. In addition to Albaraka Türk offering financial services to its customers through its branches, they also act as Anadolu Sigorta and Anadolu Hayat Emeklilik agencies, selling Insurance Policies, Private Pension Plans and other services related to their domain. Furthermore, Albaraka Türk in cooperation with Anadolu Hayat Emeklilik announced that they will offer Private Pension Plans in which the funds collected will be used in Sharia compliant non-interest Financial Instruments. This product especially aims towards the more sensitive Islamic customers. Albaraka Türk Katılım Bankası has profit and loss partnership, consumer finance, credit card Islamic license.

Ownership structure

As of 30 September 2010 the ownership structure is as shown in the table

References

External links

Albaraka Türk Katılım Bank Islamic licenses

Albaraka Türk official web site (in Turkish)

Albaraka Türk official web site (in English)

Albaraka Türk Finance Portal (in Turkish)

Sorun (Çözelim) (English: Ask (and we'll solve)) (in Turkish)
{{DEFAULTSORT:Albaraka Turk Banks established in 1984 Banks of Turkey Islamic banks Participation banks Companies listed on the Istanbul Stock Exchange Companies based in Istanbul