Albaraka Türk

Overview

Albaraka Türk is Turkish participation Islamic bank + BIST: ALBRK + Al Baraka Banking Group Bahrain parent ~36.27% controlling + one of Turkey's oldest participation Islamic banks ^{1, Türkiye report}.

History

1985 — Albaraka Türk Katılım Bankası founded as one of Turkey's first participation Islamic banks distinctive Turkish participation Islamic banking heritage.

2014 — Albaraka Türk mobile banking app launch.

Ownership & operator

Operating entity: Albaraka Türk Katılım Bankası A.Ş. (Turkish participation Islamic bank; Al Baraka Banking Group Bahrain parent ~36.27% controlling).

Major shareholders: Al Baraka Banking Group (Bahrain Bourse: BARKA; Bahraini Islamic banking group) ~36.27% controlling + Islamic Development Bank IDB Group + Turkish retail + institutional + foreign investors free float.

Regulators: BDDK + CBRT.

Technical integration

Albaraka Türk mobile app (iOS + Android) + albaraka.com.tr online + Albaraka Türk branch network across Turkey + Albaraka Türk Visa + Mastercard cards; FAST TR + TR IBAN + TROY QR + Islamic-compliant participation banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Al Baraka Banking Group parent: Al Baraka Banking Group (Al Baraka Banking Group Bahrain; Bahraini Islamic banking group).

Major Turkish participation Islamic + commercial banking competitors: Kuveyt Türk (Kuveyt Türk; Kuwait Finance House KFH Kuwaiti parent ~62.24% controlling; one of Turkey's largest participation Islamic banks) + Ziraat Katılım (Ziraat Katılım; Ziraat Bankası state-owned Turkish participation Islamic bank subsidiary) + Vakıf Katılım (Vakıf Katılım; VakıfBank state-owned Turkish participation Islamic bank subsidiary) + Türkiye Finans (Türkiye Finans Katılım Bankası; NCB Saudi Arabia parent + Boydak Holding minority) + Akbank (Akbank; BIST: AKBNK; Sabancı Holding ~48.45%+ controlling) + Garanti BBVA Turkey (Garanti BBVA Turkey; BIST: GARAN; BBVA Spain ~85.97% controlling) + İşbank (İşCep) (İşbank Türkiye İş Bankası).

Regulators: BDDK + CBRT.

Status

Active, Turkish participation Islamic bank + BIST:ALBRK + Al Baraka Banking Group Bahrain parent ~36.27% controlling + one of Turkey's oldest participation Islamic banks ^{1, 2}.

Sources

• 1 Albaraka Türk — official
• 2 Albaraka Türk — Wikipedia
• ^{Türkiye report} In-corpus: reports/countries/TR-turkey.md

Source

Biography extracted from albaraka-turk.md. See matrix.md for standards-support matrix if present.