# Albaraka Türk

> Source: https://docs.barcoder.ai/docs/wallets/albaraka-turk
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Albaraka Türk — official](https://www.albaraka.com.tr/)

## 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** <sup>[1][1], [Türkiye report](https://docs.barcoder.ai/docs/payments/TR)</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/albaraka-bahrain) (Al Baraka Banking Group Bahrain; Bahraini Islamic banking group).

**Major Turkish participation Islamic + commercial banking competitors**: [Kuveyt Türk](https://docs.barcoder.ai/docs/wallets/kuveyt-turk) (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](https://docs.barcoder.ai/docs/wallets/akbank) (Akbank; BIST: AKBNK; Sabancı Holding ~48.45%+ controlling) + [Garanti BBVA Turkey](https://docs.barcoder.ai/docs/wallets/garanti-bbva) (Garanti BBVA Turkey; BIST: GARAN; BBVA Spain ~85.97% controlling) + [İşbank (İşCep)](https://docs.barcoder.ai/docs/wallets/isbank-tr) (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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.albaraka.com.tr/ "Albaraka Türk — official"
[2]: https://en.wikipedia.org/wiki/Albaraka_T%C3%BCrk "Albaraka Türk — Wikipedia"
[tr-cro]: https://docs.barcoder.ai/docs/payments/TR

- [1] [Albaraka Türk — official][1]
- [2] [Albaraka Türk — Wikipedia][2]
- <sup>[Türkiye report](https://docs.barcoder.ai/docs/payments/TR)</sup> In-corpus: `reports/countries/TR-turkey.md`

## Source

Biography extracted from [albaraka-turk.md](https://docs.barcoder.ai/source/wallets/albaraka-turk). See `matrix.md` for standards-support matrix if present.